Generally, a takeover bid in which the boards of the target company (acquiree: the firm that should be acquired) advise against accepting the offer because the offer does not contribute to the long-term advantage of the target company. – See shareholder vote chase, blitzkrieg takeover bid, suitor, mergers and acquisitions, greenmail, war chest, macaroni defense, MaterialAdverse-Change clause, radar surveillance, raider, shark watcher, deadwood, takeover appeal, surprise attack. – Cf. 2010 BaFin Annual Report, p. 223 (on the term “hostile takeover”; permissibility of defensive measures).
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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
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