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Takeover Defense |
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Takeover Defense Periodic or continual measures a firm's management takes to discourage unwanted or hostile takeovers. One example of a takeover defense is the macaroni defense, in which the company issues a large number of bonds with the proviso that they must be redeemed at a high price if the company is taken over. It is also called an antitakeover measure or, less formally, shark repellent. See also: Shark watcher. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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