The board rejected the proposal, fearing a hostile merger.
Совет директоров отклонил предложение, опасаясь враждебного слияния.
Definitions
A hostile merger is a type of corporate acquisition where one company attempts to take over another company against the wishes of the target company's management and board of directors. This often involves the acquiring company making a direct offer to the shareholders of the target company, bypassing the management's objections.
