Lobster Trap

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Lobster Trap

An antitakeover strategy in which a publicly-traded company prohibits some convertible security holders from voting in the event that they exercise the conversion option. Specifically, if a single shareholder has more than 10% of the company's equity in convertible securities of any kind, that shareholder will be disallowed from converting their securities into voting stock. The conversion option may still allow the holder to own and have all other rights associated with common stock, but voting is not permitted. A lobster trap must be incorporated into the company's charter.
References in periodicals archive ?
Knott worked for years to create a manufacturing process and coating system that would protect the wire lobster traps from the harsh sea environment.
Bottles (n = 630) and dishes (n = 420) were added to rigid nursery cages constructed of traditional vinyl-coated lobster trap wire and deployed in July 2002 ca.
Five monthly (minus February) counts of commercial lobster trap buoys were made during the 2008-2009 California lobster fishery season.
On 3 January 2010 at 0930 hrs EST, while surveying for birds at a public boat launch near the southern terminus of Merepoint Neck, we noticed ~80 metal lobster traps stacked in a rectangular formation.
Expect lines to be forming at her booth when she samples her newest product--Linda Bean's Maine Pasta Lobster Traps.
In standard commercial crab pots, unlike lobster traps, the bait is placed in a wire cage inside the pot and is inaccessible.
Every bend of the tracks--and there are more than 100 turns--and every one of the 33 bridge crossings reveals another photo op: deer, moose, wild turkeys, woods, clam diggers, and colorful buoys marking lobster traps.
USE NETS AND ROPE GIVE borders a flavour of the sea with traditional willow lobster traps, cork floats and fishing nets.
A check of the lobster traps produced 11 lobsters, with two of those being large males.
Recalibrated as "Fishing for Energy," it gives New England fishermen a free means to dispose of worn-out and outdated nets, ropes, lobster traps and buoys.
For centuries, lobster traps had been made of wood, which rots quickly in the salt water off New England.
In New Zealand, crayfishermen set up lobster traps right outside the reserves, because lobsters are 15 times more abundant inside the reserves than outside.