friendly takeover

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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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References in periodicals archive ?
But with no clear path to a friendly merger at this time, we will turn all of our focus and energy to serving our customers and creating long term value for CP shareholders.
The CP Chief Executive E Hunter Harrison revealed, We have long recognised that consolidation is necessary for the North American rail industry to meet the demands of a growing economy, but with no clear path to a friendly merger at this time, we will turn all of our focus and energy to serving our customers and creating long term value for CP shareholders.
Many," says Ahuja, when asked whether any bank had approached RBL for a friendly merger.
Pfizer to turn 'hostile' Joshua Raymond, chief market strategist at City Index trading group, said Pfizer's statement indicated that the company was no longer interested in a friendly merger deal.
And when she tries to gain priority over Bianca, it's clear this is not going to be a friendly merger.
The Economist and financial people will call it a purchase, but it's more of a friendly merger," Lankton said.
5 million euros, in February rejected a friendly merger offer from National Bank, the country's leading lender.
The friendly merger, if approved by shareholders, will help the country's second and third-largest lenders weather a crisis in which the banking sector has been weakened by rating downgrades, deposit outflows and increasing loan impairments.
5 million euros in the first quarter, in February had rejected a friendly merger offer from National Bank, the countrys leading lender.
Nasdaq OMX has been waiting in the wings since it pulled its bid for NYSE Euronext in May, having gone hostile for its main rival the previous month in a challenge to NYSE's friendly merger agreement with Deutsche Boerse.
Lundin's board of directors recommended that the shareholders reject the bid in favour of a friendly merger with Canadian company Inmet Mining Corp, However, the deal was mutually terminated this past March, leaving Lundin's future uncertain.
Nasdaq and ICE first announced their intention to buy the New York Stock Exchange's parent on April 1, seeking to thwart NYSE Euronext's proposed friendly merger.

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