[fjsolwmv]

Hostile takeovers approximately never have board approval. They are decided by the owners, that's what "hostile" means.

https://www.investopedia.com/terms/h/hostiletakeover.asp

[uiri]

Barbarians at the Gate is a - surprisingly good - movie about the hostile takeover & leveraged buyout of RJR Nabisco. The events depicted became the poster child for the corporate greed of the 80s.