| HBS Case Collection
(Revised from original 2003 version)
M&A Legal Context: Hostile Takeovers
Introduces students to the main tactical maneuvers used by hostile bidders, including bear hugs, proxy fights, tender offers, and toeholds. Also describes how, in the United States, tender offers are regulated by the federal government via the Williams Act.
Governing Rules, Regulations, and Reforms;
Bids and Bidding;
Baldwin, Carliss Y., Constance E. Bagley, and James Quinn. "M&A Legal Context: Hostile Takeovers." Harvard Business School Background Note 904-005, February 2004. (Revised from original July 2003 version.)