Control Premium vs Takeover Premium

Can someone elaborate on the difference between a control premium (Equity section) and takeover premium (Corporate Finance Section)?

Thanks in advance.

Takeover premium is the acquisition price minus the stock price pre-merger. Control premium is just a premium that applies to a company who is likely closely held and a discount for lack of control should be applied for valuation purposes.

Takeover premium is the additional cash an acquirer pays for the target over the targets current value.

Control premium is the additional cash an acquirer pays to have full control of the target. The reason for that is that acquirer has complete discretion over the targets operations and distribution of cash flows.