Someone Bought The Children’s Place
Also Nvidia bought some SoundHound in 2017, OpenAI alignment of interests, a Cotiviti trade and private bank pestering.
If you want to take over a US public company, the normal way to do it is by calling up the company’s chief executive officer and proposing a merger. You talk to the CEO, you work out a deal, the board approves, they submit it to a shareholder vote, the shareholders approve, and then you buy all of the company’s stock for the price you agreed on.
A less common approach is the hostile tender offer: You call up the CEO, you propose a merger, she says “absolutely not,” you decide to do it anyway, so you make a public offer to the company’s shareholders to buy all their stock at some fixed price. If a majority of the shareholders tender their shares to you, then you control the company and get to replace the board and do more or less what you want.1