Today's word:
GODFATHER OFFER
Theme for this fortnight: MERGERS & ACQUISITIONS
Theme for this fortnight: MERGERS & ACQUISITIONS
A takeover offer
so attractive that the target company cannot refuse. Usually these types of
takeovers result in a change of the management team. Shareholders too,
sometimes have reasons to assume that the takeover will serve some ulterior
motive of the predator (such as asset stripping, transfer of reserves) rather
than uphold their interest. A godfather offer has none of these nasty
implications.
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