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LSDefine

Simple English definitions for legal terms

Takeover

Read a random definition: Chapter 9

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.

take | Takers in Default

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12:01
LOL
Dkk
12:02
Just part of the culture.
BulbasaurNoLikeCardio
12:04
I wish that wearing a mask when sick stuck around as an okay thing like it is in the rest of the world, not all of us have enough sick days to be ditching work.
Dkk
12:04
Unless its like an N95 i dont think it will really do anything
12:04
there's even a mask ban in some places. altho one of my coworkers wears a mask anyway despite customers being rude to her about it
12:05
good morning
12:05
why does umiami ask "Are you applying, or have you applied, to other law schools? If so, please list them."
BulbasaurNoLikeCardio
12:05
One manager came in sick wearing a mask, got roasted and stopped wearing it that day. The entire office has been cycling sickness for two weeks now. It may not be super effective but it may help in slowing the spread during meetings when we have to be so close
12:05
am i the only one who has never gotten my status checker to work on here?
BulbasaurNoLikeCardio
12:06
@ChowieBean: want to see what schools they share an applicant pool with, think it is all data harvesting stuff no a +/- for the applicant
12:06
ok good cuz idk whether i wanna tell them or not
12:06
thanks bulbasaur
12:08
not to be that guy again but berkeley person/applicant id is back and Shiny New Logo
be that guy
EW THE NEW LOGO IS SO UGLY
WTF
12:09
need to send in my berkeley app rawwwww
BulbasaurNoLikeCardio
12:09
@ChowieBean: should be required to tell them, the schools who asked I only told them the schools in their area not all of them.
BulbasaurNoLikeCardio
12:10
*shouldnt be
12:12
@jackfrost11770: if i get a berk A today and they have that logo im withdrawing (/s /s /s /j /j /j)
babycat
12:12
@ChowieBean: me too lol. you applying to public interest scholars program?
12:14
yes def applying public interest
12:16
i was raised like blocks away from umiami
12:16
idk if i wanna go back to florida tho so im applying there as safety/target 💀
12:25
@ChowieBean: doing the same thing
Does anyone think au gonna get back to us today
My app was complete Oct 11
If yes what time
Dkk
12:29
Sure, yes! 11:22:24 PST
ClassyPleasantHeron
12:30
I wonder if Berk was updating their system so that they could watch more video.
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