a company that another company wants to acquire The buyer wishes to acquire all of the shares in the target company.
- On announcement of the deal, the target company's shares rose dramatically.
- The shares in the target company shall be purchased at $5.45 each.
- The takeover bid was opposed by the board of the target company.
- The shareholders of the target were paid in cash.
- Under the terms of the deal, NewCo will acquire all of Target's liabilities.
- A target company can also be known as a takeover target.