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Noun

anti-takeover defense - resistance to or defense against a hostile takeover

opposition, resistance - the action of opposing something that you disapprove or disagree with; "he encountered a general feeling of resistance from many citizens"; "despite opposition from the newspapers he went ahead"

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References in periodicals archive

At Nissin Food, the fund has already amassed a stake of nearly 20 percent, a line above which Nissin's anti-takeover defense scheme would allow it to issue equity warrants to dilute the fund's stake.

Steel Partners intensifying investments in Japanese stocks

Although proxy contests (also called proxy battles, fights, and wars) were infrequently used as a means of gaining control of publicly traded corporations or of influencing management policy decisions during the 1980s, recent changes in the United States business environment -- the limited availability of financing for corporate takeovers, the collapse of the junk bond market, the passage of anti-takeover statutes in 40 states and proliferation of anti-takeover defense tactics, and the active role institutional investors are now taking in the governance of American corporations -- the proxy contest has now become a very important and leading tool in battles for corporate influence and control.

Corporate transformations: the new role of proxy contests

Judge William Duffy struck down management's "poison pill" anti-takeover defense plan which would have greatly leveraged its Burger King unit in order to finance a special dividend for stockholders.

Pillsbury doughboy meets grand match; KKR RJR-Nabisco deal has some fuming

TOKYO - Aderans Co.'s anti-takeover defense was approved Thursday at its general shareholders meeting by a hairbreadth margin, brushing aside opposition from its biggest shareholder, U.S.

Kyodo economic news summary -4-

TOKYO - Aderans Co.'s anti-takeover defense was approved Thursday at its general shareholders meeting, brushing aside opposition from its biggest shareholder, U.S.

Kyodo economic news summary -2-