Company enact defenses against hostile takeovers to protect their independence and current management initiatives or to ensure that hostile bidders to present their best offers under pressure. The crucial challenge for managers is to determine – in anticipation of attacks on their company – the best defense strategies strengthen shareholder investment. Reviews, the motives for hostile takeovers, discusses the effects of the popular defense forces, and presents several high-profile takeover bids … Read more »

Company enact defenses against hostile takeovers to protect their independence and current management initiatives or to ensure that hostile bidders to present their best offers under pressure. The crucial challenge for managers is to determine – in anticipation of attacks on their company – the best defense strategies strengthen shareholder investment. Reviews the motivations for hostile takeovers, discusses the effects of the popular defense forces, and presents several high-profile takeover bids executives with well-founded and empirically based analysis of the key strategies that they use to shareholder wealth can be maximized.
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from
Richard B. Robinson Jr.,
John A. Pearce
Source: Business Horizons
10 pages.
Publication Date: Sep 15, 2004. Prod #: BH107-PDF-ENG
Hostile Takeover Defense, maximize shareholder wealth HBR case solution