(BUSINESS) when a corporate raider attempts to take control of a corporation against the will of the management. Takeover requires a leveraged buyout typically financed with junk bonds.
HOW IT WORKS
The corporate raider requires a takeover vehicle to launch a hostile takeover. The takeover vehicle is usually another corporation controlled by the raider, although in recent years ESOPs have been used (e.g., Tribune Corp., 2007). The vehicle buys up a lot of shares of the target company's stock on the market, then announces it wants to acquire a controlling interest.
Management opposes the takeover bid. It can (a) challenge the legality of the takeover, (b) adopt a charter that makes it hard for the takeover vehicle to run the company it's proposing to buy (a poison pill), (c) seek another buyer that is more favorable (a white knight), or (d) borrow a ton of money and buy so many shares that the stock price goes up.
The raider makes a tender offer for the shares he doesn't own. At a certain point, he may acquire sufficient control that he can legally challenge the target's management to step down.
WHAT CAN GO WRONG
The management can use (a) or (b) successfully, or it can use (e), viz., launch a hostile takeover bid of the target vehicle. The raider can lose of lot of money if a lot of shareholders have accepted his tender offer.
HOW IT WORKS
The corporate raider requires a takeover vehicle to launch a hostile takeover. The takeover vehicle is usually another corporation controlled by the raider, although in recent years ESOPs have been used (e.g., Tribune Corp., 2007). The vehicle buys up a lot of shares of the target company's stock on the market, then announces it wants to acquire a controlling interest.
Management opposes the takeover bid. It can (a) challenge the legality of the takeover, (b) adopt a charter that makes it hard for the takeover vehicle to run the company it's proposing to buy (a poison pill), (c) seek another buyer that is more favorable (a white knight), or (d) borrow a ton of money and buy so many shares that the stock price goes up.
The raider makes a tender offer for the shares he doesn't own. At a certain point, he may acquire sufficient control that he can legally challenge the target's management to step down.
WHAT CAN GO WRONG
The management can use (a) or (b) successfully, or it can use (e), viz., launch a hostile takeover bid of the target vehicle. The raider can lose of lot of money if a lot of shareholders have accepted his tender offer.
Prior to 1980, the hostile takeover was unknown; banks would never lend money for such a scheme. For one thing, the risks were ridiculous. For another, "success" would hurt way too many people.
Everything changed when Michael Milken revolutionized the junk bond market, allowing raiders to attempt deals that violated sound business judgment. The defeated company was compelled to pay for its own conquest.
Everything changed when Michael Milken revolutionized the junk bond market, allowing raiders to attempt deals that violated sound business judgment. The defeated company was compelled to pay for its own conquest.
by Sorry, the good guys lost September 4, 2010
Get the hostile takeover mug.The pairing between SHINee's Taemin and EXO's Kai. Take the 'Tae' and the 'Kai' to form 'Taekai.'
If they happen to be at the same event, one will find his way to the other no matter what it takes. They are often confused as a couple and neither has outright denied or acknowledged it. Instead, Taemin enjoys revealing nearly everything that happens between them, with or without the intentions of making everyone suspect that they're more than friends.
If they happen to be at the same event, one will find his way to the other no matter what it takes. They are often confused as a couple and neither has outright denied or acknowledged it. Instead, Taemin enjoys revealing nearly everything that happens between them, with or without the intentions of making everyone suspect that they're more than friends.
A: Did you see the way Taemin tiptoed and closed his eyes like he was going to kiss Kai?
B: Yeah. When will Taekai accidentally kiss?
B: Yeah. When will Taekai accidentally kiss?
by taemyn June 18, 2015
Get the taekai mug.Related Words
A combination of Taehyung and the word Anaconda(massive sized creatures) in a wordplay to make Taeconda.
Taeconda thus refers to Kim Taehyung's humonguous and massive schlong. It is even believed to have its own consciousness as it moves and twitches alone.
The rumors say Tae uses Duct Tape to confine that fat monster cock.
It is also known as V's third leg.
Taeconda thus refers to Kim Taehyung's humonguous and massive schlong. It is even believed to have its own consciousness as it moves and twitches alone.
The rumors say Tae uses Duct Tape to confine that fat monster cock.
It is also known as V's third leg.
- Army: "Why did you draw Taehyung with three legs though?"
Jungkook: "That's Mr. Taeconda!"
Army: "I-"
- Taehyung was walking around naked in his kitchen and his taeconda was closing cabinets.
- Taeconda loves to greet people apparently, while being confined by its owner's pants it still pops out to say Hi!
Jungkook: "That's Mr. Taeconda!"
Army: "I-"
- Taehyung was walking around naked in his kitchen and his taeconda was closing cabinets.
- Taeconda loves to greet people apparently, while being confined by its owner's pants it still pops out to say Hi!
by dictioNASTY August 26, 2022
Get the Taeconda mug.The most popular ship of BTS . The "tae " represents "Kim TAE Hyung " and the "kook " represents "Jeon Jung KOOK ". They are so cute and so real as fuck.
by LiveinTaekookLand December 30, 2018
Get the Taekook mug.Yo, I ordered Tinder Takeout last night.
For real?
Yeah mean, this bitch Trina came straight to my place, fucked me and left.
That's a hella first date!
For real?
Yeah mean, this bitch Trina came straight to my place, fucked me and left.
That's a hella first date!
by Kevin Gnapoor, Badass MC February 12, 2017
Get the tinder takeout mug.Taekook subunit is a type of thing which dont exist yet but soon it will exist I believe
And it has the power to cure everybody's sadness
Dont lose hope taekookers :)
And it has the power to cure everybody's sadness
Dont lose hope taekookers :)
by Kvmates October 8, 2020
Get the Taekook subunit mug.Another word for the hottest girl ever. She makes you laugh,smile,and feel happy when your around her. She's also super sexy and got a booty of a black girl. She has a heart of gold but can get an attitude. She will mean the world to you when you meet her, and catch your eye right at first look. She's beautiful and just perfect
by Chase johnson December 19, 2016
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