When the acquiring firm buys the target firm despite the opposition of the target's board and top management, the result is called an unapproved takeover.

Name: When the acquiring firm buys the target firm despite the opposition of the target's board and top management, the result is called an unapproved takeover.
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When the acquiring firm buys the target firm despite the opposition of the target's board and top management, the result is called a hostile takeover.

When the Acquiring Firm Buys the Target Firm Despite the Opposition