If you have an ownership interest in a Florida corporation, you want to protect that interest and receive the maximum financial benefits to which you are entitled. But what if another company wants to buy your company? Is that in your best interests despite whatever reservations your corporation’s board of directors may have?
As the Corporate Finance Institute explains, a hostile acquisition, a/k/a hostile takeover, occurs when another company attempts to buy your corporation, but your board of directors rejects the bid offer. If the company still wishes to buy your corporation, it can attempt to do so by coming directly to you and the other shareholders with a tender offer or proxy vote strategy so as to bypass your corporation’s board of directors.