A takeover bid allows one company to take over another company. Certain pre-requisites apply before this is possible. "Ranking" menu shows competitor companies in each Licence and their credit ratings - highlighted in red or yellow (lower console window). Companies with red Credit Ratings can be taken over provided the pre-requisites listed below are met.

Clicking on a company name in this window brings up the Holding page and clicking on the credit rating beside a company opens the takeover bid option.

When a bid is successful:

• The targeted company is removed from the target Holding's account
• The Licence of the successful bidding company is upsized
• The Bidding company receives the targeted company's history of sales (market share)
• The targeted holding enters 10 turns protected mode unless on turn 100+
  
  

Takeover Pre-requisites and Rules:
•Target Company's Credit Rating must be BBB or worse
•Target Comp capacity and Bidder Comp capacity must be equal (same upsize)
•Bidder's Credit Rating must be better than Target's Credit Rating
•Bidding Company needs a min. Market Share of 1/Num of Competitors - (advised in pop up
when bidding)
•Takeover Fee = Licence Value * 10% * Licence Rating * (5 / Target Holding's # comp)
•No takeovers possible in level 1 (neither active nor passive)
•No takeovers possible at 32 x
•1 x capacity companies cannot be targeted for takeovers
•Holdings with 1 company cannot be targeted for takeovers

Also:

If player is in turn 100+ he is not protected from being taken over at any rating.

If player is turn 100+ the minimum MS the attacker must have is cut in half

Takeover Sucess probability is calculated based on the difference between raider's and victim's rating. Takeover Sucess probability is shown when placing a Bid. Also posted in game instructions.

Financial Outcomes:

After a successful takeover the bidder books to the targeted holding's cash account a % of the asset value of the targeted company according to the scale below:-

Level 2 = 77%
Level 3 = 74%
Level 4 = 71%
Level 5 = 68%
Level 6 = 65%
Level 7 = 62%
Level 8 = 59%
Level 9 = 56%
Level 10 = 53%

Note: There is a warning in the message box if you attempt to takeover a member of your own trust.

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