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LSDefine

Simple English definitions for legal terms

Takeover

Read a random definition: tax negligence

A quick definition of Takeover:

A takeover is when one party gains control of a company from another party. This can happen in two ways: friendly or hostile. In a friendly takeover, the company being taken over agrees to the terms of the takeover. In a hostile takeover, the company being taken over does not agree to the takeover. The party trying to take over the company must file a report with the Securities Exchange Commission (SEC) if they own more than 5% of the company's stock. They must also release a tender offer to buy shares from other shareholders. The success of the takeover depends on whether enough shareholders agree to sell their shares. Takeovers happen for different reasons, such as diversifying a company's industry or removing competition. However, all takeover attempts must receive clearance from the FTC to ensure that a monopoly will not result.

A more thorough explanation:

A takeover is when one party gains control of a corporation from another party. There are two types of takeovers: hostile and friendly. In a hostile takeover, the management of the company being taken over does not want to be taken over. In a friendly takeover, the management of the company being taken over agrees to the takeover.

Company A wants to take over Company B. Company A buys more than 5% of Company B's stock and files a report with the Securities Exchange Commission (SEC) saying that they intend to take over Company B. Company A then releases a tender offer to buy Company B's shares for a set price. In a hostile takeover, Company A releases the tender offer to the public and tries to convince shareholders to sell their shares. In a friendly takeover, Company A negotiates with Company B's management and holds a shareholder vote to determine if the takeover will be successful.

Takeovers happen for many reasons, including diversification, corporate raiders, and removing competition. However, all takeover attempts must receive clearance from the FTC to ensure that a monopoly will not result.

For example, if a company that makes soft drinks wants to take over another company that makes soft drinks, the FTC might not allow the takeover because it could create a monopoly in the soft drink industry. This would be bad for consumers because there would be less competition and prices could go up.

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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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