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

  • Benefits
    Benefits– indirect financial and nonfinancial payments employees receive for continuing their employment with the company- are an important...
  • Resignation
    Resignation is a voluntary separation in which a worker leaves to accept another position.
  • Employee Retirement Income Security Act of 1975 (ERISA)
    The Employee Retirement Income Security Act of 1975 (ERISA) is the basic law, signed into law by President Ford in 1974 to require that pension rights be vested...
  • Workplace Flexibility
    Work flexibility means arming employees with the information technology tools they need to get their jobs done wherever they are.
  • Fairness or Justice
    Fairness is inseparable from what most people think of as “justice”. A company that is just is, among other things, equitable, fair, impartial, and unbiased...
  • Business literacy
    Business literacy is the knowledge and understanding of the financial, accounting, marketing and operational functions of an organization.
  • Damages
    Damages is the amounts awarded by a court to be paid by one party to another as a result of violating a contract or agreement.