Speaking of contemporary headlines, JetBlue Airways is currently making a hostile takeover of competing Spirit Airlines for $3.6 billion. Only time will tell whether JetBlue will eventually succeed in the said acquisition. Hostile takeover – whether by proxy competition (persuading shareholders to vote for a merger and management to vote to oppose) or tender offer (enough stock at a high market rate to gain a controlling interest) buy) – not always as successful as is commonly believed.