RE:RE:RE:RE:Stop with the dumbass posts...LOL... Jonboy9001 wrote: What percentage do they need for the take to occur? 51%
AGRA’s acquisition is now a hostile takeover, it became hostile when the board rejected AGRA’s offer. The key characteristic of a hostile takeover is that the target company's management does not want the deal to go through. Sometimes a company's management will defend against unwanted hostile takeovers by using several controversial strategies, such as the poison pill, the crown-jewel defense.
In lieu of the target company's board approval, AGRA may now issue a tender offer, employ a proxy fight or attempt to buy the necessary company stock in the open market.
In a proxy fight, opposing groups of stockholders persuade other stockholders to allow them to use their shares' proxy votes. If a company that makes a hostile takeover “AGRA” bid acquires enough proxies, it can use them to vote to accept the offer.
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