legal or architectural strategy adopted by an organization to be able to protect it from being acquired by another business. Defenses may be used together with, or as a substitute for, ANTITAKEOVER LAWS. Also referred to as PORCUPINE PROVISION, SHARK REPELLENT. See also BLANK CHECK PREFERRED, POISON PILL, SCORCHED EARTH DEFENSE, STAGGERED BOARD.
opposition to or protection against a hostile takeover