|
|
Share Market Terms , Definition and Meaning - Alphabetical LISTING - A, B, C, D, E, F, G, H, I, J, K, L, M, N, O, P, Q, R, S, T, U, V, W, Y, Z
Shark Repellent Any of the many measures taken by a TARGET COMPANY to hold off HOSTILE TAKEOVER bids, e.g.,
- a provision that the bidder must offer the same price of shares to all shareholders, and not just a group of them who support the takeover;
- a GOLDEN PARACHUTE contract with top executives which will make it very expensive indeed to get rid of them;
- a provision that a more than simple majority of shareholders, say two – thirds or three – fourths, would be required to ratify a takeover vote; and
- merger with another company, which will make the original takeover proposal difficult.
Also called PORCUPINE PROVISIONS.
|
Share Market Terms , Definition and Meaning - Alphabetical LISTING - A, B, C, D, E, F, G, H, I, J, K, L, M, N, O, P, Q, R, S, T, U, V, W, Y, Z
| Sponsored Links
|
 |
|
|
