shark repellent

Noun
  1. A measure undertaken by a corporation to discourage unwanted takeover attempts (synset 100176454)
    is a type of: measure, step - any maneuver made as part of progress toward a goal
    subtypes:
    • golden parachute - giving top executives lucrative benefits that must be paid by the acquirer if they are discharged after a takeover
    • greenmail - (corporation) the practice of purchasing enough shares in a firm to threaten a takeover and thereby forcing the owners to buy those shares back at a premium in order to stay in business
    • pac-man strategy - the target company defends itself by threatening to take over its acquirer
    • poison pill - the target company defends itself by making its stock less attractive to an acquirer
    • safe harbor - the target company defends itself by acquiring a company so onerously regulated that it makes the target less attractive
    • scorched-earth policy - the target company defends itself by selling off its crown jewels
    same as: porcupine provision

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