Takover
When your dumbass buddy can't spell takeover, proofs the design and prints it on shirts and doesn't realize it until after he receives the order.
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hostile takeover
(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.
hostile takeover by Sorry, the good guys lost September 4, 2010
Related Words
iPhone Takeover
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I sent a text to my boss that was a total iPhone Takeover. Instead of him thinking I was on my way back from picking up my daughter Syd, I told him I was on my way back from picking up an STD...
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hotel takeover
A swinger event that usually involves a group of swingers renting out a floor or a whole hotel for swinger events.
hotel takeover by swingercoupleinma September 22, 2018
Dutch Takeover
When an employer secretly sells his/her business to a third-party without ever publicly acknowledging the fact to the employees of said business.
What happened to that old kvetcher, Max? He's looking all guilty and secretive... I mean, more than usual.
Haven't you heard? He subjected his art gallery to a Dutch takeover, now there's a guy he introduces to people as his new business "partner".
Haven't you heard? He subjected his art gallery to a Dutch takeover, now there's a guy he introduces to people as his new business "partner".
Dutch Takeover by nygcw February 19, 2010
Car Takeover
When a bunch of traffic-ass cars go to an Amazon warehouse parking lot to do donuts in a Chevy Suburban and all the kids think it is drifting
"Bro are you going to the car takeover later?"
"nah bro, my mom said she needs to use the elantra tonight, let me know if the cops come"
"nah bro, my mom said she needs to use the elantra tonight, let me know if the cops come"
Car Takeover by Walmartboadrider November 19, 2020