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 ?
"Tulad ng aking mga kapwa Batang Maynila, si Pacman ay galing sa hirap at nagsumikap sa maraming aspeto ng buhay, mapa-pulitikal man o sa larangan ng boksing," Moreno said in a statement.
Pacman, who is a Senator in the Philippines, improved to 62-7-2 in what has been an epic career while Thurman suffered his first-ever defeat.
Gifted with extra ordinary talent, Pacman is now so rich.
"Neither 'Pacman' nor Puspos need any introduction where dancers are concerned.
Let's just move on." Jan Xavier Pacle, a filmmaker, said that 'Pacman' might have been a victim of fixing, which happens in any sport.
Manny "Pacman" Pacquiao has fought bouts against some of the world's toughest competitors but now the WBO welterweight champion has stepped out of the boxing ring and into the political arena.
Pacman is the most spectacular fighter in the world, make no doubt about it.
HAVE a 1981 table-top video game of PacMan with a coinoperated system, complete with its wood-effect cabinet.
Pictures of an army of mask-wearing supporters were beamed round the world as TV focused on 30-year-old Ricky's weigh in with Filipino challenger Manny "Pacman" Pacquiao - and the big fight itself in the early hours of today.