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nouna sudden and decisive change of government illegally or by force
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nouna change by sale or merger in the controlling interest of a corporationtype of:
Definition that contains takeover
- greenmail (corporation) the practice of purchasing enough shares in a firm to threaten a takeover and thereby forcing the owners to buy those shares back at a premium in order to stay in business
- high-yield bond a (speculative) bond with a credit rating of BB or lower; issued for leveraged buyouts and other takeovers by companies with questionable credit
- anti-takeover defense resistance to or defense against a hostile takeover
- two-tier bid a takeover bid where the acquirer offers to pay more for the shares needed to gain control than for the remaining shares
- risk arbitrage arbitrage involving risk; as in the simultaneous purchase of stock in a target company and sale of stock in its potential acquirer; if the takeover fails the arbitrageur may lose a great deal of money
- lock-up option an option to buy the crown jewels offered to a white knight in order to forestall a hostile takeover
- friendly takeover a takeover that is welcomed by the management of the target company
- takeover arbitrage arbitrage involving risk; as in the simultaneous purchase of stock in a target company and sale of stock in its potential acquirer; if the takeover fails the arbitrageur may lose a great deal of money
- hostile takeover a takeover that is resisted by the management of the target company
- any-and-all bid a takeover bid where the acquirer offers to buy any and all shares outstanding