poison pill


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Related to poison pill: dead hand poison pill, Poison Put
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Words related to poison pill

the target company defends itself by making its stock less attractive to an acquirer

References in periodicals archive ?
The effort to reduce shareholder-management conflicts by increasing the use of options compensation has been among the most prominent developments spurred, at least in part, by the proliferation of the poison pill.
Delaware Chancellor Andre Bouchard rejected the retirement plan's arguments, stating that the way the 2013 spinoff of News' print and digital products into a new company was structured meant that the poison pill settlement actually was with the business now known as 21st Century Fox.
He further added,"Allergan stipulated that, indeed, the meeting would not in and of itself trigger the poison pill.
Poison pills discourage hostile takeovers with triggers for the issuance of new shares, which weaken the power of shareholders who exceed a set stake.
in the Ontario Securities Commission's poison pill jurisprudence.
26 July 2013 - US gas producer Air Products & Chemicals Inc (NYSE:APD) said its board had adopted a stockholder rights plan, also known as a poison pill, in an effort to thwart any potential hostile takeover offer.
ISS also gives Strategic poor marks on matters involving shareholder rights, citing the Board's failure to put the poison pill to a shareholder vote, amongst other concerns.
It was mentioned in the report that a poison pill is a strategy used by corporations to discourage hostile takeovers.
29) However, the most important modern antitakeover device is the poison pill.
Country: USA, Sector: PharmaceuticalsTarget: PharMerica CorporationBuyer: Omnicare IncDeal size in USD: 441mType: Corporate acquisitionStatus: BiddingComment: PharMerica adopts poison pill plan.
On Wednesday, the board set in motion a poison pill takeover defence.
29) The effectiveness of the poison pill is well-established; the real debate concerning this defense centers on whether it enhances or detracts from shareholder value.
26 filing to the Securities and Exchange Commission, Wattles requested that Tweeter terminate its poison pill plan.
The next stage of the Japanese grafting of Western M & A practices will be the evolution of M & A into contested takeovers, poison pill countermeasures and active participation by Japanese financial institutions.
Different types of antitakeover devices have been examined in various studies, but the strongest support for the management entrenchment hypothesis comes from studies analyzing market reactions to poison pill enactment.