You are advising a Bidder on a potential hostile takeover of a Target.  The Target has a poison pill in place and has an Annual General Meeting in 2 months.  The Board terms are not staggered and all Board members are up for re-election at the Annual General Meeting. 

Given the above information, what hostile bidding strategy or strategies would you adopt and why? Include a discussion of how you would circumvent the Target's defenses.

Answer rating: 100% (QA)

In a hostile takeover situation where the target company has a poison pill in place and an upcoming Annual General Meeting AGM with all board members ... View the full answer