An attempt to gain control of the firm by buying sufficient shares of the target firm in the marketplace is known as a ________ and is typically accomplished through a ________.

Question

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A hostile takeover involves attempting to gain control of a company without the approval of the target firm's management. This is typically accomplished through a tender offer, which is a public offer to purchase a large number of shares of the target company at a premium price, usually above the current market value, in order to entice shareholders to sell their shares.

An Attempt to Gain Control of the Firm by Buying