A takeover is a special type of acquisition wherein the target firm does not solicit the acquiring firm's bid; thus, takeovers are friendly acquisitions.

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A takeover can be either friendly or hostile. In a friendly takeover, the target firm may have agreed to the acquisition or may have been open to the idea of being acquired. In a hostile takeover, the target firm does not agree to the acquisition and tries to resist it.

A Takeover Is a Special Type of Acquisition Wherein the Target