Hostile takeover
A tender offer which is made to the shareholders without the approval of the board of directors. |
Similar financial terms
TakeoverGeneral term referring to the transfer of control of a firm from one group of shareholder's to another group of shareholders.
Reverse Takeover (RTO)
A reverse takeover is one way of going public. A public company can take over another company by issuing a large number of shares to the shareholders of the target company. This may result in the new shareholders owning more shares than the original controlling shareholders - hence a change of control. Hence, this is referred to as a reverse takeover. Although the smaller company has technically taken over the larger one, the larger one's owners are now in charge.
Example: I have a pub ...
