When 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

Question

Quizplus · Accepted Answer

This scenario is describing a hostile takeover, where the acquiring company is trying to gain control of the target firm without the support of its management. A financial merger involves combining companies purely for financial reasons, while a friendly merger occurs when both companies agree to merge. A strategic merger involves combining companies with complementary strengths and resources to create synergy.

When a Merger Transaction Is Not Supported by the Target