Question

"A merger transaction is not supported by the target​ firm's management," forcing the acquiring company to try to gain control of the firm by buying shares in the marketplace. This is an example of​ ________. A. hostile takeover B. financial merger C. strategic merger D. congeneric formation

Answer 1

Answer:

A. hostile takeover

A hostile takeover is the acquisition of one company (called the target company) by another (called the acquirer) that is accomplished by going directly to the company's shareholders in a bid to secure shares