Übernahmeangebot

An Übernahmeangebot, or takeover bid, is a public offer made by one company, the bidder, to acquire a controlling stake in another company, the target. This offer is typically made to the shareholders of the target company, inviting them to sell their shares at a specified price, usually at a premium to the current market value. The primary goal of an Übernahmeangebot is for the bidder to gain control of the target company, which can lead to its full acquisition, merger, or significant influence over its operations.

Übernahmeangebote are a common feature in corporate finance and M&A activities. They can be friendly, meaning they are supported by the management and board of directors of the target company, or hostile, where the bidder proceeds without the target's approval. Hostile bids often arise when the bidder believes the target company is undervalued or that its assets could be better utilized under new management. The process involves detailed legal and financial disclosures, regulatory filings, and a defined offer period during which shareholders can accept or reject the bid. Successful Übernahmeangebote can result in significant changes in corporate ownership, strategy, and market dynamics.