Takeover Target [SEP] father
and earned $6,028,311 in prize money.
Racing career.
Sired by Celtic Swing out of the unraced dam Shady Stream, Takeover Target was ruled out of racing for thirty months due to leg and joint problems. He did not make his debut until he was a four-year-old. He was unbeaten in all of his starts in 2004 and set a seven-race winning run following his debut on 23 April 2004 in a 1,200 metre maiden race at Queanbeyan Racecourse. These wins included victory in the listed
takeover, but at a higher price than offered.
- Black knight: An unwelcome takeover bidder.
- Bootstrap acquisition: This term is used in connection with a friendly takeover. When threatened with a hostile takeover, the target company exchanges some of its assets for shares held by dissident shareholders. Later on, the target company sells itself to a friendly acquirer who gets 100% of the target company for less than what it would have paid otherwise. The target company has virtually helped finance part of the takeover.