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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

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.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
References in periodicals archive ?
"Like Pac-Man, it munches away at everything in its way," says Anna Filippelli, administrative director for the Tri-State Citizens Mining Network, a grassroots group pushing for industry reforms.
The book's loose style kicks off with the first sentence: "I don't remember things." Considering that the next 300-plus pages consist almost entirely of high-resolution recollection--the order of high scores on a game of Pac-Man, the fact that the sheets she had as a teenager came from Bloomingdale's--it is a disingenuous way to open an autobiography.
Pac-Man is a can-do kinda gal--she gobbles up pellets, champs fruit and munches ghosts at record-breaking speeds.
Who could have foreseen TV dinners, Pac-Man, or the laser printer?
Named after the popular video game in which little yellow characters gobble up attacking rival figures, the so-called Pac-Man defence is considered an extremely aggressive strategy that can be used only in very specific situations.
The Pac-man and his Pac-wife met the members of the K-Pop group as they landed in Manila on Thursday.
The unusually shaped crater looks like Pac-Man from the popular video arcade game from the 1980s.
The brainchild of friends Liam Shepherd and Daniel Clark, the quirky spot will feature classic games such as Pac-Man and Street Fighter, and drinks such as craft beers, cocktails, and spirits.
Pac-Man Game Can Be Played In Celebration Of April Fools' Day 2017
Aliens intercept a Nasa rocket containing cultural artefacts, including games such as Frogger, Pac-Man and Donkey Kong.
Arcade Classic Pac-Man returns to your screens with the same addictive gameplay that hooked a generation.