by 
Anonymous
ANSWERS: 2
-
A takeover which goes against the wishes of the target company's management and board of directors. The company being acquired does not want to be purchased, but is, usually, by buying shares (the hostile party does an open tender offer to shareholders, that's hard to resist).
-
Hostile takeovers are when another company, often using leverage (loans from banks and investment houses that add power to buy the company in question) try to buy enough shares in the company to control it. "Hostile" simply means it is against the wishes of the company. Further reading: "Barbarians at the Gate" about RJR-Nabisco's merger.
RELATED QUESTIONS
Copyright 2023, Wired Ivy, LLC