What term is used if a takeover goes against the wishes of the target company's management and board of directors?
A) vertical merger
B) friendly takeover
C) horizontal merger
D) hostile takeover

Question

Quizplus · Accepted Answer

A hostile takeover is a takeover bid that happens without the approval of the target company's management and board of directors. The acquiring company typically tries to buy a majority of the target company's shares in order to gain control of the company.

What Term Is Used If a Takeover Goes Against the Wishes