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Definition of

takeover battle

Mergers & Acquisitions

result of firm's resistance to acquisition the activities surrounding a contested takeover bid. The bidder may raise the offer price and write to the stockholders extolling the benefits of the takeover. The board may contact other companies in the same line of business, hoping that a white knight may appear. It could also take action to make the company less desirable to the bidder.

Related definitions of "takeover battle"

Recommended Further Reading (Term count)
  • Corporate Board Structures
    by Vidhan Goyal
    The job of the board is to control the managerial succession process (involving hiring, assessing, promoting, and if required, dismissing the CEO), and to provide high-level counsel to top management.There is a widespread skepticism of the effectiveness of boards. Recent accounting scandals at firms such as Enron, WorldCom, and Parmalat have resulted in intense scrutiny of the function of boards. Critics point out that corporate boards have...
  • Barbarians at the Gate: The Fall of RJR Nabisco
    Bryan Burrough and John Helyar (1990)
    An engrossing story, revealing the financial frenzy and power struggle around the RJR Nabisco takeover in the 1980s. Puts into context the investment boom of LBOs at the time, and captures the culture of competition in the 1980s. Shows how large-scale financial events are dominated by the characters involved, and their struggle for power.  

Definitions of ’takeover battle’ and meaning of ’takeover battle’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’takeover battle’ and other financial terms with our online QFINANCE Financial Dictionary.

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