Solicitors & Lawyers
Legal Definitions
Term: takeover
1.
Where a company buys a majority or all of the shares in another company. Minority shareholders may have their shares purchased compulsorily if 75% of the shareholders agree to the takeover.
Usage: The company takeover ensued after the board declined to recommend the sale to the shareholders.
Related Words: takeover bid; acquisition; company.
Regulatory Compliance – Choosing Business & Company Names in the UK
Regulatory Compliance – Briefing Note - Background, Nature and Effect of Articles of Association under UK Company Law
Intellectual Property Protection – Knowing your own Intellectual Property - Intellectual Property Due Diligence in the Sale of Businesses
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