An instance where the board of directors of a company agrees to being taken over or merging with another company. In this type of merger or acquisition the board accepts the buyout terms of the company that is taking over and does not fight back like they would during a hostile takeover.

Previous Terms: 1031 Exchange, 1035 Exchange, AARP, Abeyance, Abstraction Principle, Accelerated Amortization, Acceptance Credit, Acceptance of a Bill of Exchange, Accommodation Bill, Accommodation Endorser