The purchase of a holding of more than 50% in a company by (or on behalf of) a group of executives from outside the company who wish to run the company.
In a corporate takeover battle, a Grey Knight is a counterbidder whose intentions are not clearly defined, creating uncertainty for the target company.
A hostile bid is an attempt to acquire a company without the approval of the company's board of directors. Unlike an agreed bid, a hostile bid is unsolicited and can be seen as unfriendly by the target company.
A lock-up option is a defensive strategy used in corporate takeovers, granting a friendly suitor the option to acquire valuable assets or shares (referred to as 'crown jewels') of a target company in the presence of a hostile takeover attempt.
A technique used by an acquiring company to attempt to gain control of a takeover target by persuading shareholders to oust the current management in favor of directors favorable to the acquirer.
