When the target firm does not solicit the acquiring firm's bid, it is referred to as a(an)
A) stealth raid.
B) adversarial acquisition.
C) takeover or unfriendly acquisition.
D) leveraged buyout.

Question

Quizplus · Accepted Answer

When the target firm does not solicit the acquiring firm's bid, it is referred to as a takeover or unfriendly acquisition. This means that the acquiring firm is attempting to gain control of the target firm without the consent or cooperation of its management. It is often seen as hostile or aggressive and can lead to conflicts between the two companies.

When the Target Firm Does Not Solicit the Acquiring Firm's