Shark repellant


Also found in: Idioms.

Shark repellant

Often used in risk arbitrage. Examples are golden parachutes, poison pills, safe harbor, and scorched-earth policy. Porcupine provision. Amendment to company charter intended to protect it against takeover.

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.
References in periodicals archive ?
Shark Repellant "They are typically from people planning trips to areas where attacks have occurred as well as the maritime industry.
The Board continuously experiments with other types of protection against sharks, such as electric barriers and an electric shark repellant, known as the pod.
A few years ago, the answer would have come in a series of quips: "Not without bringing your shark repellant." "Only if you tie a rope around your waist before wading in." Or, "Not if you have any cuts that might bleed." The VSE in British Columbia was regularly equated with the murky depths of capital markets, viewed as a sea of man-eaters and company-killers in constant motion.