friendly takeover

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  • noun

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a takeover that is welcomed by the management of the target company

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References in periodicals archive ?
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.
The group does not include Royal Bank of Canada (NYSE: RY) or Bank of Montreal (BMO.TO), both of which are advising the TMX, and the London Stock Exchange, on their friendly merger.
Sydney, Australia, Dec 23, 2010 - (ABN Newswire) - Drillsearch Energy Limited (ASX:DLS) (PINK:DRLLF) has been advised by Innamincka Petroleum Ltd that it has terminated the Merger Implementation Agreement providing for a friendly merger between Innamincka and Drillsearch via Scheme of Arrangement.
Wagon would be better off seeking friendly merger discussions and persuading a larger partner to take an interest." He said the low share put the firm at risk of a hostile takeover bid.
The friendly merger is expected to result in greater efficiency for business users.
On the possibility of looking for a friendly merger ally, known as a ''white knight,'' in a bid to repel the Steel Partners' bid, Tamiya said it is ''an option'' although the company is not considering such a step at present.
Ferdinand PiE1/2ch, the chairman of VW (which is also MAN's biggest investor), pressed for friendly merger talks instead.
MAN AG yesterday raised its bid for Scania and increased its voting stake, raising pressure on its Swedish rival, which has rebuffed friendly merger advances that would create Europe's leading truck maker.
Opting for a more friendly merger deal with Indian steel tycoon Lakshmi Mittal's company, which will still create the world's largest steel firm, Arcelor abandoned a rival merger deal with Severstal from Russia.
Friendly targets are firms that receive friendly merger or tender offer proposals, and successful and unsuccessful management buyouts, and are not the target of any hostile activity.
While still subject to regulatory and shareholder approval, the deal was dubbed a friendly merger that analysts believe is beneficial for both companies, which have no products in competition with one another.
The issue is not what is possible, but what is practical and reasonable in the context of closing a friendly merger or securities offering.
The friendly merger of sports events and business entertainment is a big economic driver of the modern sports industry, responsible for an explosion in luxury and premium seating that produces more than $3 billion in annual revenue among the four major U.S.
PeopleSoft was probably trying to block Oracle's $5.1bn hostile takeover bid, which PeopleSoft management thinks was made purely to disrupt its own friendly merger with JD Edwards & Co.
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