Pac Man
A form of defense used in a hostile takeover situation. The target firm turns around and tries to take over the company that has made the hostile bid. Investopedia Says:
Just think - all those years of playing Atari games could save a company someday. Related Terms:
Greenmail
Hostile Takeover
Lobster Trap
Macaroni Defense
People Pill
Poison Pill
Shark Repellent
Sleeping Beauty
Suicide Pill
Target Firm |