Most M&A acquisitions implode upon impact. They almost never work out.

What is M&A? Merger and Acquisition?

I thought the whole idea of a "takeover" meant there was no choice on the part of those taken over. How strange.

yes -- M&A is merger and acquisition. if a company is private, the board of directors can always stop an acquisition. the problem is when a company is private, corporate raiders can then buy stock quietly in the public market to try and get enough voting shares to force an acquisition to go through.

Ah, thanks for the clarification!

i had a typo above: should be:

the problem is when a company is PUBLIC, corporate raiders can then buy stock quietly in the public market to try and get enough voting shares to force an acquisition to go through.

basically, anyone can buy stock in a public company on a stock exchange so hostile takeovers happen. hostile invaders buy the company stock and get enough stock to force the directors to take a shareholder vote. and thus, since they own a controlling stake in the public stock, they can vote the company to accept a hostile bid. this is what carl icahn tried to do to yahoo. him and his buddies tried to buy up enough stock to force the BOD into the MSFT deal but they couldn't get enough.

I don't get why tecmo would turn this down. What the hell have they done recently? if anything, Square Enix could have doubled their ability, which at now, as far as I know, is minimal.