porcupine provision

Thesaurus

Noun

1.

porcupine provision - a measure undertaken by a corporation to discourage unwanted takeover attempts shark repellent measure, step - any maneuver made as part of progress toward a goal; "the situation called for strong measures"; "the police took steps to reduce crime" golden parachute - giving top executives lucrative benefits that must be paid by the acquirer if they are discharged after a takeover greenmail - (corporation) the practice of purchasing enough shares in a firm to threaten a takeover and thereby forcing the owners to buy those shares back at a premium in order to stay in business pac-man strategy - the target company defends itself by threatening to take over its acquirer poison pill - the target company defends itself by making its stock less attractive to an acquirer safe harbor - the target company defends itself by acquiring a company so onerously regulated that it makes the target less attractive; "the acquisition gave the company a safe harbor" scorched-earth policy - the target company defends itself by selling off its crown jewels