Hostile Takeover

When one company acquires another one by force, typically by bypassing management (or replacing management altogether) and going directly to that company’s shareholders. This can happen when they buy substantial amounts of stock, thus buying the company from the bottom up. The key characteristic here is that the company being taken over (also called the target) doesn’t want the deal to go through, while the company doing the taking over (also known as the acquirer) is doing everything it can to make the deal happen.

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