Motives of hostile takeovers of transport corporations

At the present stage of development of the transport corporations global market, mergers and acquisitions are widespread. Acquisitions are friendly and hostile. The process of friendly takeover is always preceded by negotiations between the parties. In a hostile takeover, the management of the target company is completely disconnected from the share buyback process. Creating protection against a hostile takeover is the goal of any business, it can serve the interests of the shareholders of the target company if the latter wish to maximize their profits from the sale of their shareholding and have additional arguments for the forced sale of the company. Protection a transport corporation against hostile takeover is the whole range of actions that the board of directors and company management take to reduce the likelihood of a company takeover. To build effective defense of a company, it is very important to understand what motives the aggressors are guided by during a hostile takeover. The question of the motives of the hostile takeover is a key one, but it has not yet received adequate coverage in the theory and practice of corporate governance. This article presents patterns of behavior of takeover participants, analyzes their motives, and evaluates the development of the institution of hostile takeovers of transport corporations.