Abbott Labs is splitting into two branches; pharmaceuticals and medical devices. Our daughter is an assistant director for the pharmaceutical section and will supposedly be unaffected by this.
Abbott's CEO stated that neither section is for sale under any circumstances.
But..........during previous similar occurrences by other companies, and even when there was no splitting of companies, they were absorbed by another owner through a hostile takeover.
Will someone explain to me in terms that I can understand what a hostile takeover is?