The document outlines the key steps in a friendly versus hostile acquisition agreement timeline. In a friendly agreement, the acquiring company would make initial contact, conduct due diligence, negotiate and sign a merger agreement within 1-2 weeks. It would then file for regulatory approval, launch a tender offer over 3 weeks, and potentially complete a short-form merger within 7 weeks if it obtained over 90% of shares. In a hostile agreement, the acquiring company would make initial contact but the target would hire advisors to evaluate defenses over 1-2 weeks. The acquiring company would then launch an unsolicited tender offer over 3 weeks, which could lead to extended negotiations and lawsuits if not resolved within 7 weeks, potentially resulting in a long