What Is A Hostile Takeover
But if the target company’s leadership isn’t receptive to a sale, the acquiring company would go directly to the shareholders, usually with a tender offer, or an offer to purchase shares at a premium. When they purchase enough shares to have a controlling interest in the company, the hostile takeover is successful. A famous example of a tender offer took place in 2010 when the French biotech company Sanofi-Aventis offered to purchase the U....