Shark Repellent

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.
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