Define: Hostile Take-Over
What does "Hostile Take-Over" mean? The meaning differs based on the contract. We found 3 definitions across 1 company in SEC filings.
Definition 1 (CISCO SYSTEMS, INC., seen in 1 filing)
Hostile Take-Over means the acquisition, directly or indirectly, by any person or related group of persons (other than the Corporation or a person that directly or indirectly controls, is controlled by, or is under common control with, the Corporation) of beneficial ownership (within the meaning of Rule 13d-3 of the Securities Exchange Act of 1934, as amended) of securities possessing more than thirty-five percent (35%) of the total combined voting power of the Corporation's outstanding securities pursuant to a tender or exchange offer made directly to the Corporation's shareholders which the Board does not recommend such shareholders to accept.
Source: CISCO SYSTEMS, INC. 10-K
Definition 2 (CISCO SYSTEMS, INC., seen in 1 filing)
Hostile Take-Over means the acquisition, directly or indirectly, by any person or related group of persons (other than the Corporation or a person that directly or indirectly controls, is controlled by, or is under common control with, the Corporation) of beneficial ownership (within the meaning of Rule 13d-3 of the 1934 Act) of securities possessing more than thirty five percent (35%) of the total combined voting power of the Corporation’s outstanding securities pursuant to a tender or exchange offer made directly to the Corporation’s shareholders which the Board does not recommend such shareholders to accept.
Source: CISCO SYSTEMS, INC. 10-K
Definition 3 (CISCO SYSTEMS, INC., seen in 1 filing)
Hostile Take-Over means the acquisition, directly or indirectly, by any person or related group of persons (other than the Corporation or a person that directly or indirectly controls, is controlled by, or is under common control with, the Corporation) of beneficial ownership (within the meaning of Rule 13d-3 of the 1934 Act) of securities possessing more than thirty five percent (35%) of the total combined voting power of the Corporation s outstanding securities pursuant to a tender or exchange offer made directly to the Corporation s shareholders which the Board does not recommend such shareholders to accept.
Source: CISCO SYSTEMS, INC. 10-K
Data extracted from 7 SEC EDGAR filings across 1 company. Source: Material contracts (Exhibit 10) filed under Regulation S-K.
This page presents definitions found in actual SEC filings for informational purposes. The specific definition appropriate for your contract may vary based on jurisdiction, industry, and specific circumstances. Consult with a qualified attorney for legal advice.