When the target firm does not solicit the acquiring firm's bid, it is referred to as a(n)
a. stealth raid.
b. adversarial acquisition.
c. takeover or unfriendly acquisition.
d. leveraged buyout.
Answer: takeover or unfriendly acquisition.
Management MCQ
Strategic Management Chapter 3
When the target firm does not solicit the acquiring firm's bid, it is referred to as a(n)