'target board' is an acceptable phrase in written English.
It can be used to refer to a board or panel specifically designated to receive or display information, ideas, or goals. For example, "The CEO convened a meeting in front of the company's target board to explain the organization's business objectives for the upcoming year."
A target board can adopt a poison pill to prevent a bidder from completing a hostile takeover.
A hostile bidder can subsequently succeed only if the target board votes to redeem the poison pill.
Since this is the self-same target board that does not want to sell the company, the hostile bidder is stuck.
"I guarantee you that every single Target board discussion over the last six months has been about this proxy fight and not about setting the business strategy of the company".
Typically in such deals, a target can only engage in third-party discussion with potential bidders if the third party makes a proposal that is a firm acquisition proposal that the target board deems is superior to the pending acquisition.
Later, he suggested that the national team could do well in archery, but only if a photo of an Ahmadi — a religious minority that suffers grave persecution — were placed on the target board.
Are target boards crazy to agree to this?
Shareholders Shareholders receive credit for resisting low premium takeovers agreed by target boards, including offers for Cedar Fair and Dynegy.
Target boards are also going to be more aggressive in negotiating in order to create a record that they are not in a "controlling mind-set".
The provision permits the target to conduct a "market check," thereby providing target boards with further assurances that they have satisfied their fiduciary duty to obtain the highest price reasonably available in the sale of the company.
The barrier that closes the road across the Purbeck Hills when the army is using its firing range was up, so I pedalled on, past burnt-out tanks and bullet-hole-ridden target boards.
