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The offer is hostile because he made the offer at the same time he announced his intention to buy the company and he did it publicly.
by chippiewill 5y ago
The offer is hostile because he made the offer at the same time he announced his intention to buy the company and he did it publicly.
- singlow 5y agoBut that is the opposite of hostile. He made an offer to the board and he did it publicly. If it were a hostile takeover he would buy enough shares to elect his own board.