hostile takeover

简明释义

敌意收购

英英释义

例句

1.The CEO implemented a strategy to fend off any hostile takeover 敌意收购 attempts by increasing shareholder value.

首席执行官实施了一项策略，通过提高股东价值来抵御任何敌意收购的尝试。

2.Many companies adopt poison pills as a defense against hostile takeovers 敌意收购.

许多公司采用毒丸策略作为防御敌意收购的手段。

3.After the announcement of a hostile takeover 敌意收购, the stock prices soared as investors speculated on the outcome.

在宣布进行敌意收购之后，股票价格飙升，投资者对结果进行了猜测。

4.The company's board was worried about a potential hostile takeover 敌意收购 from a rival firm.

公司的董事会担心来自竞争对手的潜在敌意收购。

5.The news of the hostile takeover 敌意收购 shocked employees and led to uncertainty within the organization.

关于敌意收购的消息让员工感到震惊，并导致组织内部的不确定性。

作文

In the world of business, the term hostile takeover refers to a situation where one company attempts to acquire another company against the wishes of the target company's management and board of directors. This aggressive strategy often involves purchasing a significant number of shares in the target company directly from its shareholders, usually at a premium price, to gain control over the company. The concept of a hostile takeover is often associated with corporate raiders or activist investors who seek to unlock value from underperforming companies by forcing changes in management or strategy.The process of a hostile takeover can be quite contentious. When a company becomes the target of a takeover bid, its management may take several defensive measures to thwart the acquisition. These defensive strategies can include poison pills, which make the company less attractive to potential acquirers, or seeking out a white knight—another company willing to acquire the target at a higher price to protect it from the hostile bidder.A notable example of a hostile takeover occurred in the 1980s when RJR Nabisco, a major American food and tobacco corporation, was targeted by Kohlberg Kravis Roberts & Co. (KKR). The battle for control of RJR Nabisco became one of the largest leveraged buyouts in history. KKR's bid was met with resistance from the company's management, leading to a fierce bidding war that captured the attention of the financial world. Ultimately, KKR succeeded in acquiring RJR Nabisco, showcasing the dramatic and often ruthless nature of hostile takeovers.The implications of a hostile takeover extend beyond just the companies involved. Employees, customers, and shareholders can all be affected by such corporate maneuvers. For instance, after a hostile takeover, the new management may implement drastic changes that could lead to layoffs, restructuring, or shifts in company culture. These changes can create uncertainty and anxiety among employees, as they may worry about their job security and the future direction of the company.Moreover, hostile takeovers can also impact the market perception of the companies involved. A successful takeover can enhance the reputation of the acquiring company as a savvy investor, while the target company may suffer damage to its brand image if it is seen as vulnerable or poorly managed. This dynamic can influence stock prices and investor confidence in both companies.In conclusion, the phenomenon of hostile takeovers illustrates the competitive and often cutthroat nature of the business world. While they can lead to significant changes and potentially unlock value for shareholders, they also raise ethical questions about corporate governance and the rights of shareholders versus management. Understanding the mechanics and consequences of a hostile takeover is crucial for anyone interested in the field of business and finance, as it highlights the complexities of corporate power dynamics and the ongoing struggle for control within the marketplace.

在商业世界中，术语敌意收购指的是一种情况，其中一家公司试图收购另一家公司，而目标公司的管理层和董事会对此并不赞同。这种激进的策略通常涉及直接从目标公司的股东那里购买大量股份，通常以溢价价格，以获得对公司的控制权。敌意收购的概念通常与企业掠夺者或激进投资者相关，他们试图通过迫使管理层或战略发生变化来释放表现不佳公司的价值。敌意收购的过程可能相当具有争议性。当一家公司成为收购要约的目标时，其管理层可能会采取几项防御措施来阻止收购。这些防御策略可以包括“毒丸计划”，使公司对潜在收购者的吸引力降低，或者寻找“白衣骑士”——愿意以更高价格收购目标公司的另一家公司，以保护其免受敌意竞标者的侵害。一个著名的敌意收购例子发生在1980年代，当时美国一家大型食品和烟草公司RJR Nabisco被KKR（科尔伯格·克拉维斯·罗伯茨公司）盯上。对RJR Nabisco的控制权之争成为历史上最大的杠杆收购之一。KKR的出价遭到公司管理层的抵制，导致了一场激烈的竞标战，吸引了金融界的关注。最终，KKR成功收购了RJR Nabisco，展示了敌意收购的戏剧性和常常无情的本质。敌意收购的影响不仅限于参与的公司。员工、客户和股东都可能受到此类公司行为的影响。例如，在敌意收购之后，新管理层可能会实施剧烈的变革，这可能导致裁员、重组或公司文化的转变。这些变化可能在员工中造成不确定性和焦虑，因为他们可能担心自己的工作安全和公司的未来方向。此外，敌意收购还可能影响市场对参与公司的看法。成功的收购可以提升收购公司的声誉，使其被视为精明的投资者，而如果目标公司被视为脆弱或管理不善，则可能会对其品牌形象造成损害。这种动态可能会影响股票价格和投资者对两家公司的信心。总之，敌意收购现象展示了商业世界的竞争性和常常残酷的本质。虽然它们可以导致重大变化，并可能为股东释放价值，但它们也引发了关于公司治理和股东与管理层权利之间的伦理问题。理解敌意收购的机制和后果对任何对商业和金融领域感兴趣的人来说都是至关重要的，因为它突显了公司权力动态的复杂性以及市场内控制权的持续斗争。