NOUN | act | poison pill | the target company defends itself by making its stock less attractive to an acquirer |
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Meaning | The target company defends itself by making its stock less attractive to an acquirer. | |
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Narrower | suicide pill | A poison pill with potentially catastrophic implications / implications for the company it is intended to protect |
Broader | shark repellent, porcupine provision | A measure undertaken by a corporation to discourage unwanted takeover attempts |
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