Takeover: The acquisition of a majority or controlling interest in a company, normally through the purchase of shares. A takeover may be friendly or hostile. Depending on how many shares a potential acquirer buys in the market; a formal offer to other shareholders may be required under stock exchange regulations. If this potential acquirer (see raider) makes a hostile takeover bid, the takeover target (also called target company) could put into effect a variety of strategies aimed at fending off the attempt (see poison pill).
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