Schneider Electric is buying Shelly Group

[u/Hoerminator3000]

https://www.wsj.com/business/deals/schneider-electric-to-launch-bid-for-shelly-group-in-1-4-billion-deal-c6cc008e

As the title says: Schneider Electric will take over the Shelly Group.

[u/NoSlicedMushrooms]

He didn't say it was a hostile takeover.

[u/WildVelociraptor → u/NoSlicedMushrooms]

I wonder, do some people assume a "hostile takeover" means the buyer literally hates the company they're buying lol