What is Takeover?

Legal Definition
In business, a takeover is the purchase of one company (the target) by another (the acquirer, or bidder). In the UK, the term refers to the acquisition of a public company whose shares are listed on a stock exchange, in contrast to the acquisition of a private company.
-- Wikipedia
Legal Definition
The change in controlling interest in a corporation. Takeovers can be unfriendly (hostile), meaning adversarial to the existing management or friendly, meaning with the approval of existing management.
See also
Legal Definition
When a company offers to buy another to improve profits, clients access, and assets. It can be friendly or hostile. Refer to bid.