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GLOSSARY

Canadian Financial, Real Estate and Mortgage Glossary

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Backflip Takeover


Filed Under: financial-banking, investments, legal-contracts
Tags: banking, contract, investment, legal
 

Definition of backflip takeover

backflip takeover
1. When the purchasing company becomes a subsidiary of the purchased company after the acquisition.

Related Terms and Acronyms:

  • annex   To add one thing onto another.
  • friendly takeover   When a company purchases another and both parties' management approve.
  • hostile takeover   When a company purchases another but the target company's management does not approve.
  • reverse takeover   The purchase of a public company by a private company, often to avoid the IPO process.
  • takeover   The purchase of a company by another.

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