A takeover is a corporate action that refers to the purchase of one company by another, resulting in the acquiring company gaining control over the target company.

This is also known as an acquisition or buyout.

A takeover can materialise through various methods, such as purchasing a majority of the target company's shares, negotiating a merger, or acquiring its assets.

Takeovers can have significant implications for shareholders of both the acquiring and target companies. Shareholders of the target company may receive a premium on their shares as part of the acquisition, while shareholders of the acquiring company may benefit from potential growth prospects, for example.