poison pills
Hostile acquisition blockers
Poison pills are defensive measures that make a company less attractive to hostile takeover attempts.
The strategy typically lets existing shareholders buy additional stock at a discount if an outside party acquires a significant stake, diluting the hostile bidder's ownership.
The board adopted poison pills to fend off the acquisition.
More broadly, any provision designed to make an unwanted outcome prohibitively costly: The amendment included poison pills that would doom the legislation.
- antitakeoverResisting forced acquisition
- shark repellentSubstance deterring ocean predators
- deterrentThing that discourages action
- tender offersOffers to buy shares directly
- defensesMeans of protection
golden parachutes · greenmail · shield · safeguard · white knight · strategy · proxy voting · hostile takeover · bylaws · armor · bulwark · shareholder rights · countermeasure · board of directors · corporate governance · minority rights · fiduciary duties · takeover bids
- Shareholder Activismshareholder activism, proxy fight, proxy vote, proxy voting, shareholder rights
- shareholder rightsshareholder rights, voting power, proxy voting, amendment rights, first refusal
poison, pill, poisons, pills, poisoned, poisoning, poisonous, poisoner, pilled