Anti-Takeover Measure
Definition of 'Anti-Takeover Measure'Measures taken on a continual or sporadic basis by a firm's management in order to prevent or deter unwanted takeovers. |
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Investopedia explains 'Anti-Takeover Measure'Companies have many different options for preventing takeovers. Continuous provisions include stipulations in the corporate covenant and issues of participating preferred stock. The sporadic measures include the pac-man and macaroni defenses, among others. |
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