Anti-takeover Defense (Noun)
Meaning
Resistance to or defense against a hostile takeover.
Classification
Nouns denoting acts or actions.
Examples
- The company's board of directors implemented a poison pill anti-takeover defense to prevent the hostile acquisition by the rival firm.
- As a last resort, the CEO decided to employ a golden parachute anti-takeover defense to protect the company's assets and employees.
- The corporate lawyers advised the company to adopt a staggered board anti-takeover defense to limit the ability of the hostile bidder to gain control.
- The company's management team considered a greenmail anti-takeover defense, but ultimately decided against it due to the potential costs and reputational risks.
- The company's charter included a supermajority anti-takeover defense provision, which required a two-thirds majority vote of shareholders to approve any merger or acquisition.