Antitakeover Statute

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A law at the state level prohibiting hostile takeovers in certain circumstances. Different states have different antitakeover statutes, but most involve some way of limiting a potential acquirer's ability to take a bid directly to shareholders. Critics contend that these laws can work against shareholder interest, while proponents maintain that they promote stability in publicly-traded companies. Antitakeover statutes can only apply to companies registered in states having such laws.

antitakeover statute

A state law that makes it easier for a firm based in that state to fend off a takeover hostile to the firm's management. Such a statute may actually penalize shareholders since acquisition-minded firms or individuals may be less likely to make an offer for the firm's stock.

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No references found			For example, the pill studies suffer from potentially serious endogeneity problems because poorly performing companies may be more likely to put in pills) (190) Even the ESB defense, because it is implemented at the firm level, may be endogenous to other firm-level characteristics that influence premiums, (191) In contrast, state-level antitakeover statutes can be taken as relatively exogenous to firm-level characteristics. Bargaining in the shadow of takeover defenses by Subramanian, Guhan / Yale Law Journal 22, 2002) (stating that the principal purpose of the antitakeover statute was to protect "existing Maryland corporations from hostile takeovers" rather than to attract incorporations, and that the principal support for those laws came from parties interested in that protection). The myth of state competition in corporate law by Kahan, Marcel; Kamar, Ehud / Stanford Law Review Indeed, the market for incorporations has not even penalized the three states that passed severe antitakeover statutes which have been viewed as detrimental to shareholders. Corporate Finance. (Bureau News) by NBER Reporter			anticipatory breach Anticipatory Hedge Anticipo Anticipo en efectivo Anticoercion Law antideficiency legislation Antidilution Clause Antidilutive Antidilutive Effect Antidumping Antidumping Code Antidumping Duty Antidumping Duty Order Antidumping Investigation Notice Antidumping Petition Antidumping Suit Antidumping/Countervailing Duty System Antigreenmail Antigreenmail Provision Antihausse Antioffset Spray Antique Antiquidate Antirebate Law Antitakeover Measure Antitakeover Statute Antitrust Antitrust Acts Antitrust Law antitrust laws Antivirus Software Anualidad de pago diferido Anualidad de pago inmediato Anualidad diferida de pagos periodicos Anualidad fijada de antemano Anualidad perpetua Anualidad por hipoteca revertida Anualidad variable Anualidad vitalicia Anuilidad Anweisungscheck Any Occupation for Which Reasonably Suited Any Quantity Any Willing Provider Law Any-and-All Bid Any-Interest-Date Any-Interest-Date Call Any-or-All Bid Any-Part-of Order ANZUS Pact AO			Antisymmetric relation Antisymmetric symbol Antisymmetric tensor antisymmetric wave function Antisymmetrical Product of Group Functions Antisymmetrical Product of Strongly-Orthogonal Group Functions Antisymmetrized Geminal Product Antisymmetrized Product of Delocalized Geminals Antisymmetrized Product of Geminals Antisymmetrized Product of Identical Geminals Antisymmetrized Product of Localized Geminals Antisymmetrized Product of Separated Geminals Antisymmetrized Product of Strongly Orthogonal Geminals antisymmetrized wave function antisympathetic Antisyndicalist laws Antisyndicalist laws antisyphilitic antisyphilitic antisyphilitic Antitachycardia Pacing antitactical ballistic missile Antitactical Missile antitail antitakeover antitakeover measure antitakeover measure Antitakeover Measures Antitakeover Statute Antitakeover Statutes Antitakeover Strategies Antitakeover Strategy Antitakeover Tactic Antitakeover Tactics Antitampering Act Antitampering Program antitangent antitank Antitank Aircraft Rocket Antitank Artillery antitank ditch antitank grenade Antitank Grenade Launcher Antitank guided missile Antitank guided missile Antitank Guided Missile/Automatic Defense System Antitank Guided Missiles antitank guided munition Antitank Guided Weapon Antitank Gun Antitank Gun Antitank Gun Launcher antitank helicopter Antitank mine antitank mine activator

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