anti-takeover defense


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Noun1.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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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.
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.
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.
s anti-takeover defense was approved Thursday at its general shareholders meeting, brushing aside opposition from its biggest shareholder, U.
s anti-takeover defense was approved Thursday at its general shareholders meeting by a hairbreadth margin, brushing aside opposition from its biggest shareholder, U.
Two other popular anti-takeover defenses of the 1980s were the formation of Employee Stock Ownership Plans or ESOPs, which dilute shareholder equity and make it more difficult for a potential acquirer to purchase a controlling interest in the target company, and litigation, which is usually the first line of defense of the intended target.