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English definition of “unfriendly takeover”

unfriendly takeover

noun [C ]
 
 
FINANCE
a situation in which one company gets control of another when the owners of that company do not want to sell it: an unfriendly takeover attempt/bid/offer Law firms and investment bankers are sometimes employed by a target company to fend off unfriendly takeovers.
(Definition of unfriendly takeover from the Cambridge Business English Dictionary © Cambridge University Press)
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