takeover defense. A measure taken by a corporation to discourage hostile takeover attempts. ¡ª Often shortened to defense.

¡ª Also termed shark repellent.

structural takeover defense. A legal mechanism adopted by a corporation to thwart any future takeover bid without having any financial or operational effect on the target corporation.

transactional takeover defense. A financial or operational transaction designed to make a present or future takeover bid more difficult by raising a company’s share price, paying off the bidder, or reducing a bidder’s profit. ? Examples include issuing new shares of stock, acquiring expensive assets, and adopting a poison-pill defense. See POISON PILL; PORCUPINE PROVISION.

What is the Chinese interpretation of TAKEOVER DEFENSE?
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