Killer Bee

An investment banker who helps publicly-traded companies take periodic or continual measures to discourage unwanted or hostile takeovers. One example of an antitakeover measure in which a killer bee might assist 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.

killer bee

An individual or organization that assists a firm in repelling a takeover attempt, especially by devising defensive strategies.

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.

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