Definition of poison pill in US English:
poison pill
nounˈpoizn ˌpilˈpɔɪzn ˌpɪl
Finance A tactic used by a company threatened with an unwelcome takeover bid to make itself unattractive to the bidder.
as modifier poison-pill defenses
Example sentencesExamples
- Oracle has said it will not go forth with the takeover with the poison pill in place.
- The next time you read a news release that says that your company is using a poison pill to ward off a takeover attempt, you'll now know what it means.
- If allowed to continue pursuing the acquisition, the first step is to get the poison pill removed.
- Whenever a board adopts a poison pill, it sets a ‘trigger,’ a percentage of stock that an acquirer must buy before the poison pill goes into effect.
- At heavy-duty truck producer Navistar International in Warrenvilie, Ill., for example, a resolution to rescind the poison pill was supported by 83 percent of the quorum.