hostile takeover

American  

noun

Business.

1. a takeover that is not approved by the management of the corporation being acquired or that is accomplished through the secret purchase of stock.

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Etymology

Origin of hostile takeover

First recorded in 1970–75

Example Sentences

Paramount’s hostile takeover bypasses management entirely, appealing directly to investors and potentially putting shareholders’ preferences at odds with the board’s preferred transaction.

From MarketWatch

Undeterred, Paramount chief executive David Ellison launched a hostile takeover bid, taking his suit directly to shareholders.

From BBC

Paramount has refused to accept defeat, launching a hostile takeover to attempt to claim its rival — a pursuit that Warner board members are fighting.

From Los Angeles Times

Rival bidder Paramount has made clear it will continue its hostile takeover attempt for Warner Bros., despite some setbacks.

From Los Angeles Times

After the Netflix deal was announced, Paramount launched a hostile takeover offer for Warner.

From The Wall Street Journal

Related Words

• leveraged buyout