What are the advantages of a raid as compared to a takeover bid?

A raid typically allows an acquirer to gain control of a target company more discreetly and swiftly than a takeover bid, often involving the purchase of shares on the open market. This method can avoid the lengthy negotiation process and regulatory scrutiny associated with formal takeover bids. Additionally, a raid can create a sense of urgency among shareholders, potentially leading to a quicker decision in favor of the acquirer. Lastly, it may enable the acquirer to avoid the premium prices usually associated with formal takeover offers.