Definition

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:  Cite

More from this Section

  • Career path
    Career path is the progression of jobs in an organization’s specific occupational fields ...
  • Progressive discipline
    Progressive discipline is a form of discipline whereby increasingly harsher penalties ...
  • Voluntary Time Off
    Voluntary Time Off is an alternative to layoffs in which some employees agree to take ...
  • Veterans Benefit Improvement Act of 2004
    Veterans Benefit Improvement Act of 2004 is an act signed into law by President Bush on ...
  • Best practices
    Best practices can be defined in a variety of ways, but typically refers to the practices ...