Hostile takeover
A hostile takeover is when a person, people, or a company tries to take control of a company without the approval of their management or board. It is an aggressive form of mergers and acquisitions. The acquiring person, people or company seeks to own more than 50% of the target company’s voting shares, which means they have controlling ownership of company decisions. This can occur if the targeted company is undervalued, or if activist shareholders want changes to the direction of the company. Methods for a hostile takeover include tender offers - buying shares at a premium - and proxy fights - replacing current management. To defend against hostile takeovers, companies may use strategies like differential voting rights, employee stock ownership programs, or poison pills. Read about a failed attempt at the hostile takeover of Disney.
We acknowledge and thank the FMA, Dr Karena Kelly and Brook Taurua Grant, the RBNZ and the Māori Dictionary for their research which helped us with te Reo Māori kupu for this glossary.
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