After the bid
Tactics can be undertaken by directors to ensure that their shareholders don't accept the bid, if that is what they desire.
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Reject
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Shareholders can reject the bid within 14 days of the offer.
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Good
forecasts
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Forecast better profits to raise share price thus making it more expensive for predator company. Though the forecast has to be achievable or it could have an adverse effect on management. Profit forecasts have to be endorsed by company's financial advisors.
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White knight
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Another company can be found who can make a bid for target company, which would be more acceptable to the shareholders ("white knight").
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Give bad
publicity
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Attacking predator company to give it a bad image, such as criticise their management style and products in the papers. However could be faced with liable charges if accusations are unfounded.
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Competition
commission
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Get government involved and show that takeover wouldn't be in the interests of the public.
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Management
buyout
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Management of the company can buy out their shareholders.
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