Anyone able to help an old chap out and explain what these are really all about? Despite reading the business section on occasion, I must confess I am rather deficient in knowledge on this subject but I find it oddly fascinating. If one company makes an offer, and shareholders accept against the wishes of company directors, is this what is known as a hostile takeover? I don't have an MBA or business background so any insight would be appreciated, pardon my ignorance. Best, Algy