Hostile Takeover Feindliche Übernahme Hostile Takeover Adquisición hostil Adquisición hostil OPA hostile רכישה או כיבוש אויבני शत्रुतापूर्ण विजय 敵対的買収 Aquisição hostil 敌意收购 A hostile takeover occurs when the acquiring company attempts to take control of the target company without the consent or cooperation of the target company's management and board of directors. This is typically achieved through a tender offer directly to the shareholders or by launching a proxy fight to gain control of the board.