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Related to Pac-Man defense: Macaroni Defense
A stratagem used to prevent a hostile takeover, by which the target company tries to acquire the bidder.
[After Pac-Man, , trademark for a video game in which a character gobbles up its opponents.]
American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.