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Saga of first Hostile Takeover in Information Technology Sector

April 12, 2019[2019] 104 taxmann.com 157 (Article)
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In ordinary parlance, a hostile takeover shall imply the acquisition of Target Company by the Acquirer which is accomplished by going directly to the company's shareholders or fighting to replace management to get the purchase approved. A hostile takeover can be achieved through either an open offer or a proxy fight.
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