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hi my name is patty Hersh Im a senior editor at marketplace today I want to talk about hostile takeovers weve seen a lot of merger and acquisition activity recently companies buying each other in some cases those takeovers are friendly in other cases they are hostile so whats the difference between the two well lets have a look get up on the board first hostile takeover and and well use a fictitious company for this example and that fictitious company is Three Little Pigs software ok here we are three little pigs and its a software company thats been established since the 1960s has become very successful over the years that made a lot of money and theyre now actually worth about five million dollars ok so it done pretty much still small but so you know thats pretty well large number of shareholders all of whom will that we see here and the in the shadow of three little pigs and because theyve been quite successful they have of course attracted the attention or bigger player