The
Definition Of

Takeover

A takeover occurs when one company seeks to acquire another company. Usually, a takeover refers to a hostile transaction, but it can mean a friendly merger as well. A hostile takeover refers to the acquisition of a company against the wishes of its management. Club Link, known for operating 18-hole golf courses, received a hostile takeover bid from Tri-White Corp. The Club Link management team campaigned actively to win the support and votes of more than 50% of the outstanding shareholders.  

Share it:

More from this Section

  • Nonpunitive Discipline
    Nonpunitive discipline- discipline without punishment, usually involving a system of oral warnings and paid “decision-making leaves” in lieu of more traditional punishment.
  • Short-term disability
    Short-term disability is a benefit designed to provide temporary income replacement for worker absent due to illness or injury, but who is expected to return to work within a specified timeframe.
  • Development program
    Development program is training or educational programs designed to stimulate an individual’s professional growth by increasing his or her skills, knowledge or abilities.
  • Cognitive ability testing
    Cognitive ability testing is a testing instrument used during the selection process in order to measure the candidate’s learning and reasoning abilities.
  • Shareholder
    Shareholder is an individual or corporation that owns shares in the corporation.
  • Deferred Profit Sharing Plan
    Deferred profit sharing plan refers to a plan in which a certain amount of profit is credited to each employee’s account (pension fund), regardless of the ...
  • Markov Model
    Markov model is a model that produces a series of matrices that detail the various patterns of movement to and from the various jobs in the organization.