Interactive
Demystifying Hostile Takeovers
Wall Street Prep
Updated Feb 26, 2019In this 90-minute course, we use transactions such as Monsanto/Syngenta, Sanofi/Medivation and Anthem/Cigna to explain the most common defense mechanisms, tools and strategies companies use to defend against hostile takeovers. Specifically, we answer the following questions: What are the considerations for a tender offer and how does it differ from a proxy contest? What are preventive defense mechanisms such “poison pills” and “staggered boards” and how do they protect a company? What strategies can companies invoke when facing an activist hedge fund? Are companies under any obligation to accept a hostile bid if it is higher than other bids?
