Devolution and Takeover

noun

• The process of declining from a higher to a lower level of effective power or vitality or essential quality.
  • synonyms: degeneration
• The delegation of authority (especially from a central to a regional government. ).
  • synonyms: devolvement

• (n.) The act of rolling down.
• (n.) Transference from one person to another; a passing or devolving upon a successor.

DEVOLUTION is the delegation of authority from higher to lower levels.

noun

• A sudden and decisive change of government illegally or by force.
  • synonyms: coup d'etat, coup, putsch
• A change by sale or merger in the controlling interest of a corporation. .

General term referring to transfer of control of a firm from one group of shareholders to another group of shareholders. Change in the controlling interest of a corporation, either through a friendly acquisition or an unfriendly, hostile, bid. A hostile' Takeover' (with the aim of replacing current existing management) is usually attempted through a public tender offer.