Killer Bees

Killer Bees

Those who help a company fend off a takeover attempt with the use of defensive strategies.

Notes:

Companies, usually with the help of investment bankers, use a number of strategies to repel a hostile takeover bid including, but are not limited to: poison pills, people pills, white knights, shark repellent, pac-man, lobster traps, sandbags, whitemail, greenmail and the macaroni defense.

See also: Hostile Takeover, Investment Banker, Lobster Trap, Pac-Man, Poison Pill, Sandbag, Shark Repellant

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Killer bees

Those who aid a company in fending off a takeover bid, usually investment bankers who devise strategies to make the target less attractive or more difficult to acquire.