Active Defence Strategies Against Hostile Takeovers
Abstract
The article presents a survey of active defence strategies against hostile takeovers, i.e. strategies employed when the bid has been made. The survey only relies on the English-language literature of the subject, owing to the fact that most of the solutions in question originated in the United States of America. In Poland, these strategies still wait for recognition. However, as the rate of hostile takeovers on the Polish market grows, one can expect an increased interest in the relevant defensive strategies. It must also be emphasised that the implementation of a given anti-takeover measure can be subject to respective legal regulations.
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