antitakeover measure

(redirected from Anti-Takeover Measure)

Antitakeover Measure

Periodic or continual measures a firm's management takes to discourage unwanted or hostile takeovers. One example of an antitakeover measure 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. See also: Shark Watcher.

antitakeover measure

An action by a firm's management to block or halt a takeover by another party. Examples of antitakeover measures include a fairprice amendment, staggered terms of office for directors, and a requirement for an increased number of affirmative votes from shareholders to approve a takeover. See also show stopper.
References in periodicals archive ?
The stockholder rights plan is intended to reduce the likelihood of an unintended ownership change occurring through the buying of Schmitt common stock and is not meant to be an anti-takeover measure. As part of the plan, on July 1, 2019, Schmitt's Board declared a dividend of one preferred-share-purchase-right for each share of Schmitt common stock outstanding as of July 19, 2019.
The concept of the staggered board was implemented as an anti-takeover measure, Mr.
The Rights Plan is not meant to be an anti-takeover measure, and the Windstream Board of Directors has established a procedure to consider requests to exempt acquisition of Windstream common stock from the Rights Plan if it determines that doing so would not limit or impair the availability of the NOLS.
The degree to which any anti-takeover measure may promote or diminish shareholder value depends on circumstances specific to the individual company.
Another obstacle lies in an anti-takeover measure - or "poison pill" - that allows TNT to issue preference shares to a friendly foundation in case of a hostile bid.
After Tyson Foods made an unsolicited offer for the poultry processor early in the year, WLR officials dug in, swallowing a poison pill and enacting the state's stringent anti-takeover measure. In the end, Tyson Foods lost to the scrappy firm after a majority of WLR shareholders voted against selling and the courts refused to overturn the anti-takeover law.
Another called for shareholder voting by secret ballot, and the third would have put to a shareholder vote the so-called "poison pill" anti-takeover measure that the Tribune Co.
As seen in the figure on pages 50 and 51, credit statistics and the stub performance of previous recaps help illustrate the potential rewards and risks inherent in the anti-takeover measure.
The NOL Rights Plan has not been adopted as an anti-takeover measure. Under the NOL Rights Plan, one right will be distributed for each share of CenturyLink's common stock outstanding as of the close of business on Feb.
The number of companies adopting anti-takeover measures has rapidly increased since the late 2000s in a reflection of the changing market environment such as the lifting of the embargo on forward triangular mergers and the rise of foreign institutional investors.
Conversely, "[t]oday the landscape is vastly changed and certain types of proposals, mostly those related to anti-takeover measures, such as ...