Jonestown Defense
A defensive strategy by which the target company engages in an activity that might actually ruin the company rather than prevent the hostile takeover. Also known as a "suicide pill." Investopedia Says:
The term refers to the 1978 Jonestown massacre, where a religious cult (the People's Temple) led by Jim Jones committed mass suicide in Guyana. Related Terms:
Busted Takeover
Crown Jewel
Enterprise Value
Hostile Takeover
Management Buyout (MBO)
Merger
Poison Pill
Sandbag
Saturday Night Special
Scorched Earth Policy
Shark Repellent
Sleeping Beauty
Voting Shares
Whitemail |