Meaning | A measure undertaken by a corporation to discourage unwanted takeover attempts. |
---|
Synonym | shark repellent |
---|
Narrower | golden parachute | Giving top executives lucrative benefits that must be paid by the acquirer if they are discharged after a takeover |
---|
greenmail | (corporation) the practice of purchasing enough shares in a firm to threaten a takeover and thereby forcing the owners to buy those shares back at a premium in order to stay in business |
pac-man strategy | The target company defends itself by threatening to take over its acquirer |
poison pill | The target company defends itself by making its stock less attractive to an acquirer |
safe harbor | The target company defends itself by acquiring a company so onerously regulated that it makes the target less attractive |
scorched-earth policy | The target company defends itself by selling off its crown jewels |
Broader | measure, step | Any maneuver made as part of progress toward a goal |
---|