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General
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Written by Daniel
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Wednesday, 13 February 2008 11:24 |
Microsoft plans to take its bid for Yahoo directly to shareholders
Jason Mick (Blog) - February 12, 2008 10:11 AM
DailyTech
In the world of mergers, there are numerous levels of "hostility" which characterize bids. There are unilateral talks, mutually agreed upon, which are typically labeled as more germane, even if one company ends up absorbing the other.
Then there are unsolicited bids, such as Microsoft's initial offer to Yahoo, which are often labeled as "partially hostile". On the far end of the spectrum are "fully hostile" bids, in which one company tries to bypass another company’s executive and board leadership by offering a buyout directly to shareholders. Among the famous examples of takeovers considered "hostile" was the HP and Compaq merger, which passed by a meager 51% margin in a shareholder vote. [...More] [...Comments]
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