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Management of the target company may or may not agree with a proposed takeover, and this has resulted in the following takeover classifications: friendly, hostile, reverse or back-flip. Financing a takeover often involves loans or bond issues which may include junk bonds as well as a simple cash offers. It can also include shares in the new ...
The first type, the white knight, refers to the friendly acquirer of a target firm in a hostile takeover attempt by another firm. The intent of the acquisition is to circumvent the takeover of the object of interest by a third, unfriendly entity, which is perceived to be less favorable. The knight might defeat the undesirable entity by offering ...
The transition was an example of a "friendly takeover", in which the outgoing president and the president-elect were of the same political party . It would be the last such transition until the 1988–89 presidential transition of George H. W. Bush. [2] [3]
Korea Zinc's takeover battle with Young Poong and MBK Partners has been a "taxing" and "soul-searching" experience, says chairman Yun B. Choi. Korea Zinc wants to be a ‘U.S.-friendly’ producer ...
In a friendly takeover, the management doesn't usually change, and the takeover works to the benefit of the target company. In a hostile takeover there may be an attractive public offer for the shares, or unsolicited merger proposals for the management, accumulation of controlling shares through buying in the open market, or proxy fights.
Macy's is terminating its monthslong buyout talks with two investment firms, citing a substandard offer and the lack of certainty over financing. In announcing the end of negotiations on Monday ...
As of February 2024, the largest ever acquisition was the 1999 takeover of Mannesmann by Vodafone Airtouch plc at $183 billion ($334.7 billion adjusted for inflation). AT&T appears in these lists the most times with five entries, for a combined transaction value of $311.4 billion. Mergers and acquisitions are notated with the year the ...
Speaking to contemporary headlines, JetBlue Airways is currently maneuvering a hostile takeover of competition Spirit Airlines for $3.6 billion. Only time will tell if JetBlue will eventually be...