CFA Practice Question

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CFA Practice Question

An attempt to acquire a company without the consent of the company's management is a(n) ______.

A. anonymous acquisition
B. tender offer
C. hostile takeover
Correct Answer: C

A hostile takeover is the acquisition of one company by another that is accomplished by going directly to the company's shareholders or fighting to replace management to get the acquisition approved. A hostile takeover can be accomplished through either a tender offer or a proxy fight.

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