A takeover requires an affirmative vote by the target company's board of directors.

Name: A takeover requires an affirmative vote by the target company's board of directors.
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A takeover does not necessarily require an affirmative vote by the target company's board of directors. In a hostile takeover, the acquiring company bypasses the target company's board and goes directly to the shareholders to acquire majority ownership.

A Takeover Requires an Affirmative Vote by the Target Company's