Instaworks Inc. wants to acquire IOK Corp. Instaworks makes a tender offer to the shareholders of IOK to acquire their shares of IOK without the permission of the latter corporation's board of directors. This is a ________ tender offer.

Question

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A hostile tender offer is made without the approval of the target corporation's board of directors. In this case, Instaworks Inc. is making an offer to acquire IOK Corp. without the latter's board of directors' consent.