Takeover bid so attractive that the target company's directors, who might be adverse to it for other reasons, must approve it or risk shareholder protest. See: Takeover; Target Company
Often used in risk arbitrage. Hostile takeover attempt in which the acquirer offers an exceptionally large premium over the market-value of the acquiree's share so as to as to squeeze (hug) the target into acceptance.
An offer made directly to the Board of Directors of a target company. Usually made to increase the pressure on the target with the threat that a tender offer may follow.
The bear hug refers to a takeover bid by an acquiring company that is so favorably priced that a target company's directors feel compelled to accept it to avoid a substantial shareholder protest.
The bear hug (also known as a bodylock) is a grappling term for a clinch hold and stand-up grappling position where the arms are wrapped around the opponent, either around the opponents chest, midsection, or thighs; sometimes with one or both of the opponents arms pinned to the opponents body. The hands are locked around the opponent and the opponent is held tightly to the chest. The bear hug is a dominant position, with great control over the opponent, and is often a precursor to a takedown.