Question

Lancelock Inc. buys a less accomplished firm by directly signing a deal with the target firm's shareholders. The move is vehemently opposed by the board of directors and the top management of the target firm. This is an example of a _____.

Answer 1

The correct answer is: hostile takeover.

Step-by-step explanation:

A Hostile Takeover is a takeover by a bidding firm of a target company where the two parties fail to reach a purchase agreement or the target company is unable to go through with the transaction. Hostile takeovers are popular among public companies in which the shareholders -represented by the Board of Directors- are the owners.