Hvad er et opkøb (acquistion)?

En (større) bydende virksomhed køber en anden (mindre) mål-virksomhed - Done through negotiations with privately/closely held targets. - Done purchasing majority/controlling/full share for public targets. - Often done with tender offers (premium price). - May be friendly or unfriendly (hostile), i.e. target management resistant - Bidder wins control - Bidder takes over ownership, responsibilities, contracts, etc. - The target is more or less integrated in the bidding firm’s organization. Fordele/ulemper: Opnår kontrol