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A shareholder rights plan, colloquially known as a "poison pill", is a type of defensive tactic used by a corporation's board of directors against a takeover.. In the field of mergers and acquisitions, shareholder rights plans were devised in the early 1980s to prevent takeover bids by limiting a shareholder's right to negotiate a price for the sale of shares directly.
Using a classic strategy aimed at fending off unwanted takeover attempts, Riverbed Technology has concocted a poison pill defense. The company announced that its board of directors unanimously ...
The Jonestown defense is an extreme corporation defense against hostile takeovers. In this strategy, the target firm engages in tactics that might threaten the firm's existence to thwart an imposing acquirer's bids. This is also known as a "suicide pill", [1] and is an extreme version of the poison pill. [2]
On Monday, Hertz Global Holdings publicly announced the implementation of a "shareholders rights plan." Also known as the "poison pill defense," the plan, which received the approval of the ...
Stockholder rights plan: Also known as a “poison pill,” this strategy is used by target companies to make their shares unattractive to the potential bidder. They may allow existing ...
In 2004, PeopleSoft was employing the flip-in model against Oracle Corporation's multi-billion hostile takeover bid. Andrew Bartels, a research analyst for Forrester Research said, "The poison pill is designed to make it more difficult for Oracle to take over the organization. The customer assurance program is designed to compensate customers ...
A takeover defense plan (such as a poison pill) need not be laid out by management prior to a takeover attempt in order to be fair. Stock warrants that discriminate against certain shareholders with the aim of supporting the company's management or retaining control in shareholders who support said management is blatantly unfair.
Burlington, Mass.-based Nuance Communications today announced what it is calling a stockholder rights plan. The plan, which some refer to as a "poison pill," aims to put the brakes on any ...