take"o*vern. (Business, Finance) The acquisition of ownership of one company by another company, usually by purchasing a controlling percentage of its stock or by exchanging stock of the purchasing company for that of the purchased company. It is a hostile takeover if the management of the company being taken over is opposed to the deal. A hostile takeover is sometimes organized by a corporate raider.
Syn. -- acquisition, buyout
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Tue 25th February 2020