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.