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porcupine provision

DEFINITIONS OF: porcupine provision

1

n a measure undertaken by a corporation to discourage unwanted takeover attempts

Synonyms:
shark repellent
Types:
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golden parachute
giving top executives lucrative benefits that must be paid by the acquirer if they are discharged after a takeover
greenmail
(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 business
pac-man strategy
the target company defends itself by threatening to take over its acquirer
poison pill
the target company defends itself by making its stock less attractive to an acquirer
safe harbor
the target company defends itself by acquiring a company so onerously regulated that it makes the target less attractive
scorched-earth policy
the target company defends itself by selling off its crown jewels
suicide pill
a poison pill with potentially catastrophic implications for the company it is intended to protect
Type of:
measure, step
any maneuver made as part of progress toward a goal
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