Also found in: Dictionary, Thesaurus.
Often used in risk arbitrage. See: Shark repellent.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved