poison pill

Related to poison pill: dead hand poison pill, Poison Put

poison pill

A defensive tactic used to fend off a hostile corporate take over in which a company's board of directors give shareholders the ability to buy shares at discounted prices if any one shareholder (i.e., the one seeking to take over) buys a certain percentage of the company's shares at once, thus forcing the bidding company to spend substantially more in their bid. Sensing that Gangrenous Inc. was looking to acquire their company to exploit its valuable intellectual property, the board of directors passed a poison pill to ward them off.

poison pill

n. an element introduced into the restructuring of a corporation so that it becomes undesirable for another corporation to take over. Acme Corporation approved a poison pill to prevent a hostile takeover.

词组	poison pill
释义	poison pill Related to poison pill: dead hand poison pill, Poison Put poison pill A defensive tactic used to fend off a hostile corporate take over in which a company's board of directors give shareholders the ability to buy shares at discounted prices if any one shareholder (i.e., the one seeking to take over) buys a certain percentage of the company's shares at once, thus forcing the bidding company to spend substantially more in their bid. Sensing that Gangrenous Inc. was looking to acquire their company to exploit its valuable intellectual property, the board of directors passed a poison pill to ward them off. See also: pill, poison Farlex Dictionary of Idioms. poison pill n. an element introduced into the restructuring of a corporation so that it becomes undesirable for another corporation to take over. Acme Corporation approved a poison pill to prevent a hostile takeover. See also: pill, poison McGraw-Hill's Dictionary of American Slang and Colloquial Expressions See also: shark repellent fend off red dog fend fend against fend against (something) fend and prove set (one's) back up (one's) back is up put (one's) back up References in periodicals archive pills--then the validation of the poison pill in Moran and subsequent The law and finance of antitakeover statutes The target corporation's shareholders may adopt a poison pill prior to any hostile bid being launched or they may be asked to do so in the face of a bid (a so-called "tactical" pill). The future of poison pills in Canada: are takeover bid reforms needed? The rights plan had come under fire from a shareholder, Florida's Miramar Police Officers' Retirement Plan, which contended that since News had agreed in a 2006 settlement to limit poison pills to only one year without shareholder approval, the two-year life of the current pill exceeded the settlement. NEWS CORP. KEEPS POISON PILL; MAY MOVE Poison pills discourage hostile takeovers with triggers for the issuance of new shares, which weaken the power of shareholders who exceed a set stake. Family Dollar counteracts Icahn move (38) The foundation of Canadian poison pill jurisprudence was set by the A commentary on Ontario poison pill regulation: moving towards a permitted bid mechanism There are two investors who hold 14.9 percent in the company, and it had recently taken a poison pill." It was mentioned in the report that a poison pill is a strategy used by corporations to discourage hostile takeovers. Navistar troubles has not affected Mahindra's JV with them says M&M official "Scotland and the rest could keep the EU membership as a leaving present or a poison pill, depending on how you look at it." Tory's EU Nats jibe There is no consensus on the systemic effects of takeover defenses in general, or of the most important defense mechanism--the shareholder rights plan or "poison pill"--in particular. Pills and partisans: understanding takeover defenses 26 January 2012 - US life sciences tools maker Illumina Inc (NASDAQ:ILMN) said today its board had adopted a rights agreement, or a so-called poison pill, to defend itself from Swiss Roche's (VTX:ROG) hostile attempt to take over the company. Illumina counters Roche's takeover attempt with poison pill The "poison pill" is a term used to describe a method in which a company tries to avoid a takeover by making its stock price less attractive. Autonomy boss opposes takeover protection Family Dollar received a buyout offer from investor Nelson Peltz's Trian Fund in the first quarter of the year, and not only did the dollar store chain's board reject the offer, it adopted a "poison pill" provision to discourage other unsolicited offers. Appeal of dollar stores evident in tough times On Wednesday, the board set in motion a poison pill takeover defence. -Iron Mountain in battle with investors Icahn and his hedge fund have raised their combined stake in Mentor to more than 16.1 million shares in Mentor, prompting the company to launch a poison pill proviso. Icahn buying up Cadence shares Spurred by the rapid accumulation, the B&N board enacted a shareholder rights plan, sometimes known as a "poison pill," to be triggered when a shareholder acquires more than 20 percent of B&N's outstanding stock. Swallowing the pill: Delaware court's approval of Barnes & Noble's shareholder rights plan provides guidance to boards Icahn said on Friday that he intended to pursue legal action against Lions Gate s poison pill. If his offer is successful, his firm, the Icahn Group, would replace the studio s board of directors with its own nominees, he said. Icahn offers to buy all of Lions Gate
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