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LSDefine

Simple English definitions for legal terms

friendly takeover

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A quick definition of friendly takeover:

Term: FRIENDLY TAKEOVER

Definition: A friendly takeover is when one company buys another company, but both companies agree to the purchase and work together to make the transition smooth. It's like when you and your friend decide to trade toys, and you both agree to it and are happy with the trade.

A more thorough explanation:

Definition: A friendly takeover is when one company buys another company with the approval and agreement of the company being bought. This is different from a hostile takeover, where the company being bought does not want to be bought and fights against it.

Example: Company A wants to buy Company B. Company A talks to the leaders of Company B and they agree to the sale. This is a friendly takeover.

Explanation: In a friendly takeover, both companies are happy with the sale and work together to make it happen. This can be good for both companies because they can combine their resources and become stronger together. It is important for the leaders of both companies to communicate and agree on the terms of the sale.

friendly suitor | friend of the court

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dasfi0990ut1
18:32
miss ya, worried about u (llama)
fedclerkhopeful
18:33
nope I got the WL
dasfi0990ut1
18:33
fk this cycle.
fedclerkhopeful
18:33
still prolly set on reapplying unless SLS comes in clutch
dasfi0990ut1
18:34
Good on you! LS will always be there. I hope either way it works out- IK it will! Keep ya head up!
fedclerkhopeful
18:34
thank you :)
18:35
is the 50~70% conversion rate for Cornell ii accurate?
dasfi0990ut1
18:35
:)
fedclerkhopeful
18:35
yep
[] ararara
18:36
@fedclerkhopeful: what are your goals?
[] ararara
18:38
You remind me of a friend of mine from back in the day. They came in at the top of their class at a T14 but reapplied before doing this to get HYS. They still didn't get it the second time with perfect stats. That stuff is competitive and what does it matter anyway? Just saying!
18:42
Sometimes I’m like yeah i could work for five years and get into Harvard but that’s sooo much work
18:42
No thank you!
dasfi0990ut1
18:43
@dubiously: same. in 5 years ill either be in prison for fraud or retired in the caymen islands
18:43
This white boy don’t miss u would swear u saw Luka
fedclerkhopeful
19:10
@ararara: appellate clerkship and then civil liberties law
fedclerkhopeful
19:11
And yes, I have near perfect stats and would regret going to a lower tier school when reapplying is a viable option
omelette
19:12
lower tier and its mfing cornell
[] ararara
19:27
Haha didn't realize you were admitted at Cornell not why I'm saying this haha. I've also seen a few people get H and one person get Y the second time around. Hopefully things just work out now but if it doesn't go your way the second time don't worry ✌️ you 🫵 are amazing! For the record though my housemate's friend who graduated from Cornell has an appellate clerkship.
[] ararara
19:28
@dubiously: 💀😵👻
when do we think FSU and UF will have all decisions out
19:37
I know a guy who got an appellate clerkship out of a regional t100. He’s old now but still
dasfi0990ut1
19:43
@dubiously: was it Kansas by chance?
19:44
Of course. Kansas is an appellate clerkship powerhouse
dasfi0990ut1
19:45
KS to the T14 by 2028!
[] ararara
19:47
@FumblingRightfulLemur: I would look back at last cycle ✌️❤️ but also actually wouldn't even pay attention that's usually when it happens haha
rosythecat
20:53
@ararara: your cycle was insane holy hell
rosythecat
20:53
W
Steel2Law1997
20:56
anybody got any tips/stories of going from WL to A?
dasfi0990ut1
21:22
@Steel2Law1997: LOCI, research the school and try to mention specifics of what excites you about the school. Be friendly to adcoms. Try to sit in on virtual sessions/ zooms if possible. If you have any updates (promotion at work, volunteering, etc) send it to them! Godspeeeddd
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