Target Company Law and Legal Definition
Target Company refers to a company that is chosen as attractive for takeover by a potential acquirer. A takeover is usually achieved by a purchase of shares or by merger. The acquirer may buy up to 5% of the target's stock without public disclosure. However, the acquirer should report all transactions to the Securities and Exchange Commission. The target company should also be informed once 5% or more of the stock is acquired.
Legal Definition list
Related Legal Terms
- Accompanying Relative [Immigration]
- Accompanying Spouse and Dependents
- Accompanying the Armed Forces outside the United States
- Accompanying the Federal Government Outside the United States
- Accompanying Visa
- Affiliate and Associated Company
- Affiliated Company (Gaming Law)
- Armored Car Company
- Bank Holding Company
- Bank Service Company
