Soligenix Inc (SNGX)

[Maps0117]

'Hostile Takeover'

A hostile takeover bid occurs when an entity attempts to take control of a firm without the consent or cooperation of the target company's board of directors. In lieu of the target company's board approval, the would-be acquirer may then issue a tender offer, employ a proxy fight or attempt to buy the necessary company stock in the open market. To deter the unwanted takeover, the target company's management may have preemptive defenses in place, or it may employ reactive defenses to fight back.

Factors playing into a hostile takeover from the acquisition side often coincide with those of any other takeover, such as believing that a company may be significantly undervalued or wanting access to a company's brand, operations, technology or industry foothold. Hostile takeovers may also be strategic moves by activist investors looking to effect change on a company's operations.

https://www.investopedia.com/terms/h/hostiletakeover.asp#ixzz5AgyrqHRj

GO SNGX and Good Luck to All Longs