GODFATHER OFFER

Today's word: GODFATHER OFFER 
Theme for this fortnight: MERGERS & ACQUISITIONS

 

A takeover offer so attractive that the target company cannot refuse. Usually these types of takeovers result in a change of the management team. Shareholders too, sometimes have reasons to assume that the takeover will serve some ulterior motive of the predator (such as asset stripping, transfer of reserves) rather than uphold their interest. A godfather offer has none of these nasty implications.