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An Attempt to Gain Control of a Target Firm by Buying

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An attempt to gain control of a target firm by buying sufficient shares of it in the marketplace is known as a ________ and is typically accomplished through a ________.


Definitions:

Price Concession

A reduction in the price of a good or service, often to facilitate a sale or agreement.

Limit-Sell Order

An order to sell a security at a specified price or better.

Maintenance Margin

The minimum amount of equity that must be maintained in a margin account after a purchase has been made, to continue holding the position.

Initial Margin

The percentage of the purchase price of securities (that can be bought on margin) that the investor must pay with his/her own cash or marginal securities.

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