| 释义 |
shark repellent
Thesaurus| Noun | 1. | shark repellent - a measure undertaken by a corporation to discourage unwanted takeover attemptsporcupine provisionmeasure, step - any maneuver made as part of progress toward a goal; "the situation called for strong measures"; "the police took steps to reduce crime"golden parachute - giving top executives lucrative benefits that must be paid by the acquirer if they are discharged after a takeovergreenmail - (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 businesspac-man strategy - the target company defends itself by threatening to take over its acquirerpoison pill - the target company defends itself by making its stock less attractive to an acquirersafe harbor - the target company defends itself by acquiring a company so onerously regulated that it makes the target less attractive; "the acquisition gave the company a safe harbor"scorched-earth policy - the target company defends itself by selling off its crown jewels |
shark repellent
shark repellentAny defensive financial tactic used by a company to fend off a hostile corporate takeover by another. Sensing that Gangrenous Inc. was looking to acquire their company to exploit its valuable intellectual property, the board of directors passed a number of shark repellents during their AGM to keep the hostile company at bay.See also: sharkshark repellent n. something that prevents corporate takeovers. (Securities markets.) Acme Systems tried again to get its board to approve a shark repellent to keep the Widget cartel from acquiring it. See also: sharkshark repellent
Antitakeover MeasurePeriodic or continual measures a firm's management takes to discourage unwanted or hostile takeovers. One example of an antitakeover measure is the macaroni defense, in which the company issues a large number of bonds with the proviso that they must be redeemed at a high price if the company is taken over. See also: Shark Watcher.shark repellent A strategy used by corporations to ward off unwanted takeovers. Examples of this antitakeover measure include making a major acquisition, issuing new shares of stock or securities convertible into stock, and staggering the election of directors. Shark repellents often benefit corporate officers more than the stockholders. Also called takeover defense. Compare show stopper. See also poison pill.shark repellent
Synonyms for shark repellentnoun a measure undertaken by a corporation to discourage unwanted takeover attemptsSynonymsRelated Words- measure
- step
- golden parachute
- greenmail
- pac-man strategy
- poison pill
- safe harbor
- scorched-earth policy
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