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Pac Man

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Pac Man

A form of defense used in a hostile takeover situation. The target firm turns around and tries to take over the company that has made the hostile bid.

Notes:

Just think - all those years of playing Atari games could save a company someday.

See also: Greenmail, Hostile Takeover, Lobster Trap, Macaroni Defense, People Pill, Poison Pill, Shark Repellent, Target Firm

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