What does ANTI-TAKEOVER DEFENSE mean?

ANTI-TAKEOVER DEFENSE meaning in Law Dictionary

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.


ANTI-TAKEOVER DEFENSE meaning in General Dictionary

opposition to or protection against a hostile takeover