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Jonestown defense

   Also found in: Wikipedia 0.03 sec.
Jonestown defense
An extreme defensive tactic employed by the management of a target corporation to prevent a hostile takeover. The defensive tactics are so extreme that they typically lead to the destruction of the target corporation. See: Suicide.
Jonestown defense
Defense against a corporate takeover in the form of a poison pill so strong that it threatens the survivability of the target company. The name comes from the mid-1970s Jonestown massacre.


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