Lobster Trap

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Lobster Trap

An antitakeover strategy in which a publicly-traded company prohibits some convertible security holders from voting in the event that they exercise the conversion option. Specifically, if a single shareholder has more than 10% of the company's equity in convertible securities of any kind, that shareholder will be disallowed from converting their securities into voting stock. The conversion option may still allow the holder to own and have all other rights associated with common stock, but voting is not permitted. A lobster trap must be incorporated into the company's charter.
References in periodicals archive ?
While diving in the summer we found a couple of dead seals on the sea bed, caught in ropes snapped from lobster pots."
The Claw came face to face with The Claw when Mark, 38, went to check his lobster pots at Red car's Salt scar rocks.
A DRUNK was slapped in the face after groping a woman in the Lobster Pot takeaway - and was later slapped with a PS1,000 fine for sexual assault.
Thomas and Jasmine of Coquet Park First School with a lobster pot during their investigation into the history and fishing heritage of Cullercoats
Henry was found in a lobster pot somewhere off the North Wales coast two weeks ago, and was one of eight creatures of a breed known as "lesser octopuses" that Sea Life staff picked up from the Anglesey Sea Zoo.
true seaside splendour' BEFORE The garden was little more than a square area of ground and could hardly have been more boring' TOP TIP TO make a new garden look established, stock it with a mixture of perennials that mature quickly and one-hit annuals to give you foliage and bright splashes of colour' A seagull and lobster pot give their garden a nautical theme, along with colourful pebbles and fisherman's net' Shore thing...
Earlier this year, an even rarer orange lobster - said to be one in 30 million, was donated to the aquarium by staff at the Lobster Pot restaurant.
LEGENDARY Liverpool chippy Lobster Pot has re-opened after a week-long closure.
TWO fishermen were rescued from the sea when one of them was seen clinging to a lobster pot marker after their boat sank.
It was found by fishermen in 2009 65ft beneath the waves s near Pembroke Dock, South West Wales, when a lobster pot snagged on it.
Meanwhile Holyhead lifeboat crew were called to help a sailing boat which had got entangled with a lobster pot of Church Bay.
They had set sail from the fishing village of Mullaghmore on his boat Shadow V, when the bomb in a lobster pot detonated about 11.30am.