TAKEOVER DEFENSEtakeover 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?