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Definition: a Friendly Takeover is the offer, purchase and acquisition of one, target company by another, acquiring or bidding company, that is welcomed publicly by the management (Board of Directors (and the Supervisory Board if any)) of the target company.
In this type of transactions, there is a mutual agreement between the acquiring and target companies, often resulting in a smoother transition and integration process. Shareholders usually favour friendly takeovers, as they commonly involve an attractive price premium. Acquiring companies benefit from access to detailed due diligence on the target company's financials and operations.

It is the opposite of a hostile takeover.