Anti-Takeover Measure
Measures taken on a continual or sporadic basis by a firm's management in order to prevent or deter unwanted takeovers. Investopedia Says:
Companies have many different options for preventing takeovers. Continuous provisions include stipulations in the corporate covenant and issues of participating preferred stock. The sporadic measures include the pac-man and macaroni defenses, among others. Related Terms:
All-Holder's Rule
Anti-Greenmail Provision
Best Price Rule
Lobster Trap
Macaroni Defense
Pac-Man
Revlon Rule
Shark Repellent
Takeover
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