TERMIUM Plus®

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UNFRIENDLY TAKEOVER BID [2 records]

Filter results by subject field Alphabetical list of terms

Filter results by subject field

Alphabetical list of terms

Record 1 2010-09-30

English

Subject field(s)
  • Amalgamation and Partnerships (Finance)
  • Commercial Law
  • Stock Exchange
  • Investment
DEF

An offer to purchase shares of a business corporation with a view to gain control that is opposed by its management and/or the shareholders.

CONT

Since a hostile takeover bid is an offer to purchase shares made to a target corporation’s shareholders and not to the target corporation itself, the directors and managers of the target corporation do not have control over the timing or terms of such an offer.

French

Domaine(s)
  • Fusion, absorption et coparticipation (Finances)
  • Droit commercial
  • Bourse
  • Investissements et placements
DEF

Offre publique d'achat d'une participation déterminante dans une société faite contre le gré des dirigeants ou des principaux actionnaires de cette société.

CONT

Une OPA peut être amicale si elle est réalisée en accord avec l'équipe dirigeante de la société cible, ou elle peut être hostile si elle est contestée. On parle alors d'OPA sauvage.

Spanish

Campo(s) temático(s)
  • Consolidación y asociaciones (Finanzas)
  • Derecho mercantil
  • Bolsa de valores
  • Inversiones
DEF

OPA que realiza un accionista minoritario o un extraño a la sociedad sin conocimiento o aceptación previa por sus órganos sociales.

CONT

En sociedades donde el consejo o la dirección controlan un porcentaje del capital relativamente pequeño, es posible que los accionistas minoritarios se inclinen a vender ante un precio atrayente. En la OPAH, a diferencia del órdago, se intenta realmente la compra y el control de la sociedad.

OBS

oferta pública de adquisición hostil; OPAH: términos y definición extraídos del CAPITAL Business Dictionary con la autorización de LID Editorial Empresarial.

Save record 1

Record 2 2010-06-17

English

Subject field(s)
  • Commercial Law
  • Investment
CONT

Takeover bids may be classified as "friendly" or "unfriendly", depending on the reaction of the target's management. A friendly takeover bid is uncontested by the target, which will issue a directors’ circular indicating the support of the offer.

OBS

Compare to "hostile takeover bid".

French

Domaine(s)
  • Droit commercial
  • Investissements et placements
DEF

Offre publique d'achat d'une participation déterminante dans une société, faite avec l'accord des dirigeants ou des actionnaires de cette société.

Spanish

Save record 2

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TERMIUM Plus®, the Government of Canada's terminology and linguistic data bank
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