According to the Corporate Finance Institute, a hostile acquisition, which is more commonly known as a hostile takeover, is the acquisition of one company—the target company—by another by going through the company's shareholders. The acquirer is able to acquire the target company by proxy vote or a tender offer. The difference between a hostile takeover and a friendly acquisition is that the target company's board of directors does not approve of the transaction. If the initiation of a hostile takeover is imminent, the target Florida business has a few defense options.
Investment Bank shares a few viable defenses against a hostile acquisition. The first is the poison pill defense. This defense involves the target company diluting its stock shares to ensure the hostile bidder cannot acquire a domineering share without first paying an exorbitant price. This defense prevented Netflix from succumbing to a hostile acquisition attempt in 2012.