Ways of Hostile takeover
A hostile takeover can be conducted in several ways.
A tender offer can be made where the acquiringcompany makes a public offer at a fixed price abovethe current market price.
An acquiring company can also engage in a proxyfight, whereby it tries to persuade enoughshareholders, usually a simple majority, to replacethe management with a new one which will approvethe takeover.
Another method involves quietly purchasing enoughstock on the open market, known as a "creepingtender offer", to effect a change in management.
In all of these ways, management resists theacquisition, but it is carried out anyway.