Pac-man Strategy (Noun)
Meaning
The target company defends itself by threatening to take over its acquirer.
Classification
Nouns denoting acts or actions.
Examples
- In a surprise move, the target company adopted a Pac-Man strategy and launched a hostile takeover bid against its would-be acquirer.
- The target company's board of directors approved a Pac-Man strategy to fend off the unsolicited acquisition attempt.
- Utilizing a Pac-Man strategy, the target company prepared to turn the tables on its acquirer and gain control.
- Analysts speculated that the target company might employ a Pac-Man strategy to counter the hostile takeover bid.
- Industry insiders noted that the target company's Pac-Man strategy was a high-risk approach with uncertain outcomes.