Skip to main content

Securities Regulation: Hostile Corporate Takeovers: Synopses of Thirty-Two Attempts

GGD-88-48FS Published: Mar 04, 1988. Publicly Released: Apr 13, 1988.
Jump To:
Skip to Highlights

Highlights

Pursuant to a congressional request, GAO provided information on 32 hostile corporate takeover attempts initiated in 1985, focusing on the: (1) terms, conditions, and stated purposes of the tender offers; (2) amount of target company stock held by bidders and target company management; (3) bidding companies' financing sources and terms; (4) bidding and target companies' financial advisers and their fees; (5) bidding and target companies' actions before and after the initial tender offers; and (6) outcomes of takeover attempts.

Full Report

Office of Public Affairs

Topics

Bank loansBrokerage industryCorporationsFinancial managementReal property acquisitionSecurities regulationSecuritiesShareholdersBiddersCrude oil