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friendly takeover
(redirected from Friendly Acquisition)

   Also found in: Financial 0.01 sec.
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Noun1.friendly takeover - a takeover that is welcomed by the management of the target company
takeover - a change by sale or merger in the controlling interest of a corporation


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For over half a century, Georgeson has specialized in complex solicitations such as hostile and friendly acquisitions, proxy contests and takeover defenses.
In friendly acquisition, companies executives negotiate whereas in hostile acquisition, if the bidder continue to seek it even if the company (or target) is unwilling to agree.
The deal marks the latest in a recent string of foreign takeovers of Canadian companies, including a bid for Nova Chemicals by Abu Dhabi's International Petroleum Investment Co, friendly acquisition of Bow Valley Energy by Britain's Dana Petroleum and a hostile play for UTS Energy Corp by Total of France.
 
 
 
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