A bear hug involves mailing a letter containing an acquisition proposal to the target's board without warning and demanding an immediate response.

Name: A bear hug involves mailing a letter containing an acquisition proposal to the target's board without warning and demanding an immediate response.
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Question

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A bear hug is a hostile takeover tactic where an acquirer makes an unsolicited offer directly to the target company's shareholders, bypassing the board of directors.

A Bear Hug Involves Mailing a Letter Containing an Acquisition