anti-takeover defense

noun

Meaning

A strategic measure or financial mechanism adopted by a corporation's board of directors to prevent or discourage an unwanted acquisition by another entity.

Examples

  • The board implemented a poison pill as an anti-takeover defense to block the hostile bid.
  • Shareholders debated whether the new anti-takeover defense was truly in their best long-term interest.

Synonyms: shark repellent, defensive measure, poison pill, corporate shield