A take-over occurs when all or the majority of shares of a company are acquired by another natural or corporate person. The natural person or corporate entity that acquires the shares then has control over appointments to the Board of Directors and to management positions.

Instances of take-overs in Ghana include the transfer of majority shares and control of 70% of Ghana Telecom Ltd to Vodafone Ltd of the UK, and Total Ghana Ltd acquiring controlling interest in Mobil Ghana Ltd and taking over its assets including the Mobil House in Accra. (3 marks)