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A friendly takeover is an acquisition which is approved by the management of the target company. Before a bidder makes an offer for another company, it usually first informs the company's board of directors.
Nearly all of Friendly’s 130 corporate-owned and franchised restaurants are expected to remain open during the process, with thousands of jobs likely to be saved, according to the release.
Friendly's is a restaurant chain on the East Coast of the United States. The first location, selling ice cream cones , was in Springfield, Massachusetts , opened in 1935 ; 89 years ago ( 1935 ) .
INDOPCO, Inc. v. Commissioner, 503 U.S. 79 (1992), was a United States Supreme Court case in which the Court held that expenditures incurred by a target corporation in the course of a friendly takeover are nondeductible capital expenditures. [1]
A takeover may be friendly if the target company supports a proposed deal, but things can get ugly if a deal turns hostile. In a friendly acquisition, the acquirer and target company have often ...
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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.
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