takeover
noun
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Definition of takeover
(Entry 1 of 2)
take over
verbDefinition of take over (Entry 2 of 2)
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Synonyms for takeover
Synonyms: Noun
appropriation, arrogation, commandeering, detainer, expropriation, preemption, seizure, usurpation
Synonyms: Verb
cover, fill in, pinch-hit, stand in, step in, sub, substitute
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Examples of takeover in a Sentence
Noun
The government experienced a military takeover in 2002. the new government's high-handed takeover of private industriesVerb
I'll take over for her until she gets back from her morning break. took over the responsibility of caring for the animals
Recent Examples on the Web: Noun
An eleventh-hour takeover attempt by the C&N Sporting Risk group didn't materialise, leaving the historic club teetering on the brink. — SI.com, "EFL to Discuss Possibility of Reinstating Bury Into League Two for 2020/21," 3 Sep. 2019 The stakes are particularly high in Houston ISD, which is facing a state takeover because of some chronically failing schools and an audit critical of how the district is managed. — By Eva-marie Ayala Corbett Smith, Dallas News, "Texas schools receive new A-F grades — see how yours rated," 15 Aug. 2019 Controlled by hedge fund Alden Global Capital, MNG recently failed in a hostile takeover attempt of Gannett. — Mike Snider, USA TODAY, "Gannett, GateHouse parent New Media offer more details, aim to offset merger concerns," 14 Aug. 2019 The state’s takeover of the city because of its troubled finances led to the decision to switch to the Flint River for its water supply in 2014. — Tyrone Beason, Los Angeles Times, "‘We’re old news, but we’re still living this’ — mistrust still flows in Flint," 30 July 2019 In 2019, Miyashiro and crew will double down with an even bigger takeover featuring a second stage of all dance and electronic talent, and Billboard Dance has the exclusive on the lineup. — Kat Bein, Billboard, "88Rising's Head In The Clouds Fest Announces 2019 Lineup With New Dance Stage: Exclusive," 17 July 2019 That would be bad news for the school, but what tips the school into needing a state takeover is that test scores indicate that the students are in the lowest categories for improvement as well. — The Denver Post Editorial Board, The Denver Post, "Editorial: State is right to intervene when schools keep failing kids," 7 June 2019 This year has seen a string of large takeovers involving reinsurance, such as AIG’s$5.6 billion deal for Validus of Bermuda. — Paul J. Davies, WSJ, "Reinsurers: Don’t Watch for Hurricanes, Watch for Deals," 10 Sep. 2018 Under the terms of the takeover announced in January, Xerox, which has a market value of $7.2 billion, would first merge with a joint venture that the company operates with Fujifilm in Asia. — Fortune, "Why Xerox's CEO Is Staying and Its Merger With Fujifilm Might Be Back On," 4 May 2018Recent Examples on the Web: Verb
For dinner, Dottie seated me with her on the porch while her daughter and friends took over the dining room. — Mary Norris, The New Yorker, "My Friend Dorothea Benton Frank," 11 Sep. 2019 Antonio Conte has become Serie A's highest paid manager ever since taking over a Internazionale in the summer. — SI.com, "Inter Manager Antonio Conte Revealed as Serie A's Highest Paid Manager Ever," 11 Sep. 2019 Lenox Sophia is taking over the former KO Catering & Pies space in South Boston. — BostonGlobe.com, "Boston’s new restaurants: A look at the season’s most exciting openings - The Boston Globe," 11 Sep. 2019 Apple announced a slew of new products, a Chinese startup has turned a car into a theater, and fake followers are taking over Instagram. — Wired, "Apple Event Breakdown, a Honkin’-Huge Car Screen, and More News," 10 Sep. 2019 Anarch-cade: Anarchists — some with neon chainsaws in tote — have taken over Avenue of the Stars, which has been transformed into a 1980s arcade. — Kathleen Christiansen, orlandosentinel.com, "Halloween Horror Nights scare zones fill Universal Studios streets," 10 Sep. 2019 Here’s a look at the massive quarterback turnover in Lexington over the last four years that led to Smith taking over the job. — Jon Hale, The Courier-Journal, "A look at the QB turnover that paved the way for Sawyer Smith to start for Kentucky," 9 Sep. 2019 Al-Falih, who’d taken over the energy portfolio from longtime oil minister Ali al-Naimi, was tasked with playing a key role in Prince Mohammed’s economic overhaul of the country. — Washington Post, "Saudi king replaces energy minister, naming one of his sons," 9 Sep. 2019 Rulings in two lawsuits seeking to keep the San Diego County Fire Authority from taking over the Julian-Cuyamaca Fire Protection District have gone the county’s way. — San Diego Union-Tribune, "Julian volunteer firefighters nearing end of court fight to save their department," 8 Sep. 2019These example sentences are selected automatically from various online news sources to reflect current usage of the word 'takeover.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.
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More Definitions for takeover
takeover
nounFinancial Definition of takeover
What It Is
A takeover is the purchase of a company. A takeover is different from a merger, which occurs when the purchaser and the target both cease to exist and instead form a new, combined company.
How It Works
Let's assume Company XYZ wants to acquire Company ABC. Company XYZ might just start buying ABC shares on the open market, but once Company XYZ acquires 5% of ABC, it must formally (and publicly) declare how many shares it owns to the Securities and Exchange Commission. Company XYZ must also state whether it intends to create an ABC takeover or just hold its existing shares as an investment.
If Company XYZ indeed wants to proceed with the takeover, it will make a tender offer to ABC's board of directors (followed by an announcement to the press). The tender offer will indicate, among other things, how much Company XYZ is willing to pay for ABC and how long ABC shareholders have to accept the offer.
The most common methods of determining the target's value are to look at comparable companies in the industry and to conduct a discounted cash flow analysis, but evaluating other measures such as P/E ratios, price-to-sales ratios, or even replacement costs provides valuable insight. Acquirers often have to pay a premium above the market price of the target company's shares in order to get the shareholders to agree to the takeover.
Once the tender offer is made, ABC can accept the terms of the offer, negotiate a different price, use a "poison pill" or other defense to avert the deal, or find somebody else to sell to who will pay as much or more as XYZ is offering. If ABC accepts the offer, regulatory bodies then review the transaction to ensure the combination does not create a monopoly or other anticompetitive circumstances within the industries involved. If the regulatory bodies approve the transaction, the parties exchange funds and the deal is closed.
Companies often conduct takeovers with cash, but they also use debt and their own stock as well, and there are often tax consequences associated with each form of currency.
Why It Matters
Takeovers can create a bigger, more competitive, more cost-efficient entities. This synergy -- that is, the idea that the two companies together are more valuable to the shareholders than they are apart -- is elusive, but it is what justifies most takeovers. After all, acquirers always have the much harder option of trying to "grow their own" by starting their own competitive ventures instead of buying someone else's. Targets often succumb to takeovers because at the end of the day, the price is right. And on both sides, a well-executed takeover can be the crowning jewel of a CEO's career.
Source: Investing Answers
takeover
noun
English Language Learners Definition of takeover
takeover
noun
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