It refers to a process in which an attempt is made to acquire a company through a purchase action, without having previously received the approval of the bodies in charge of managing the company to be bought. There are cases where certain associations establish in their statutes a set of regulations where voting is prevented to elect administrators, in addition to other restrictions called "shielding", all this in order to prevent it from occurring. foot to a hostile takeover bid, which is why the knowledge on the part of the minor shareholders of this type of measures is of great relevance since in certain cases they can attack against their expectations.
It can then be said that a hostile takeover bid is when an organization or a group of them called “bidders” proceed to make an offer whose main goal will be to buy the shares of all shareholders or, failing that, to a Most of them, from a specific company, in order to obtain the optimal levels to control capital, the right to vote and consequently the administration of the company, a striking feature of this procedure is that it usually occurs between organizations that are They are held at official quotes, that is, they are listed on the stock market. Very often the promoters of the takeover bid already have in their possession some percentage of the capital, which must be at least 3%, since that is the minimum figure required by the National Securities Market Commission, for the takeover bid to proceed.
They are often called hostile because these types of negotiations do not usually have a mutual agreement of the parties involved, so measures that even border on the legality can be taken to try to buy most of the shares without approval of the company, in these cases will of the shareholders if they decide to accept the offer provided by the offerer entity or if they decide to refuse, reason why they may arise various discussions by the company object of purchase.
