Pac Man defense

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Pac Man Defense

An antitakeover measure in which a target company attempts a hostile takeover of the acquiring company. That is, an acquiring company attempts a hostile takeover, and, rather than submitting to the takeover, the target company attempts the same thing on the acquiring company.

Pac Man defense

A defensive antitakeover tactic in which the target firm attempts to take over the acquiring firm. The target hopes that the acquiring firm will call off the takeover attempt and look for easier pickings.
References in periodicals archive ?
PacMan was the creation of Toru Iwatani, who attempted to make a combination between pinball and a video game.
It's going to be a very close fight; it's hard to predict a winner, but of course I believe in Pacman very much and I would like to see him win," said Hot Pot's Bahraini owner Nader Abdulaziz, whose wife is from the Philippines.
The simple premise of the game did not seem that different to Pacman actually - but the visual effects were out of this world.
The survey of 2,000 computer buffs shows how early, uncomplicated console games like Space Invaders and Pacman leave the latest high-graphic best sellers such as Grand Theft Auto and Tomb Raider trailing.
Site visitors were presented with a Pacman game and a message from MySpace advising that it hoped to resume service within an hour.
The computer games of the past are back, as players swap 21st-century graphics for the brilliant gameplay of Asteroids and Pacman.
As EEG data were collected, participants looked at either of two computer-screen images containing four partial circles resembling open-mouthed Pacman figures.
Pac-Manhattan is a "large-scale urban game" that uses New York City streets to recreate the PacMan video game.
Max Capital also completed retail leases at 230 Park Avenue for Wachovia Bank and Pacman Cafe, a unique take-out sushi restaurant.
The battlelab, an organization created to find practical, common-sense technologies for the fleet, is starting a program called PacMan (Pilot-Aircrew Cockpit Management).
The Penguin system, called Pacman, was originally installed in early 2010, and then expanded in early 2011.
Contract Awarded for Providing of PACMAN Entitlement