target company


target company
offeree, Also known as the target company or target. A company in respect of which an offer has been made or is in contemplation to which the City Code on Takeovers and Mergers (the Code) applies. Paragraph 3 of the Introduction to the Code sets out the rules as to the companies, transactions and persons to which the Code applies. The Code definition of offeree provides that any reference to an offeree company includes a potential offeree company.
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Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

Look at other dictionaries:

  • target company — Often used in risk arbitrage. firm chosen as an attractive takeover candidate by a potential acquirer. The acquirer may buy up to 5% of the target s stock without public disclosure, but it must report all transactions and supply other information …   Financial and business terms

  • target company — /ˌtɑ:gɪt kʌmp(ə)ni/ noun same as takeover target ▪▪▪ ‘…in a normal leveraged buyout the acquirer raises money by borrowing against the assets of the target company’ [Fortune] …   Dictionary of banking and finance

  • target company — Company attempted to be taken over in tender offer, leveraged buyout, or other type of takeover or acquisition attempt. See takeover bid tender offer …   Black's law dictionary

  • target company — noun a company that has been chosen as attractive for takeover by a potential acquirer • Syn: ↑takeover target • Hypernyms: ↑company • Hyponyms: ↑sleeping beauty …   Useful english dictionary

  • target company — A company that is subject to a takeover bid …   Accounting dictionary

  • target company — A company that is subject to a takeover bid …   Big dictionary of business and management

  • Target Corporation — Тип …   Википедия

  • target — tar·get n: the object to be affected or achieved by an action or development; specif: a company that is the object of a takeover Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. target …   Law dictionary

  • company MAC — USA In the case of an acquisition financing, a material adverse change condition precedent to lending that is virtually identical to the material adverse change clause in the acquisition agreement. It will only pertain to the target company (not… …   Law dictionary

  • target — ▪ I. target tar‧get 1 [ˈtɑːgt ǁ ˈtɑːr ] noun [countable] 1. an organization, industry, government etc that is deliberately chosen to have something done to it: target of • There was persistent speculation that the company could be the target of… …   Financial and business terms


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