In the context of an acquisition, when the acquiring firm buys the target firm despite the opposition of the target's board and top management, the result is called a _____.
A) creeping acquisition
B) hostile takeover
C) bootstrap acquisition
D) lobster trap

Question

Quizplus · Accepted Answer

A hostile takeover occurs when the acquiring firm purchases the target firm despite opposition from the target's board and management.

In the Context of an Acquisition, When the Acquiring Firm