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Pac-Man defense

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Pac-Man defense
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Pac-Man Defense
A defensive tactic used by a targeted firm in a hostile takeover situation. In a Pac-Man defense, the target firm turns around and tries to acquire the other company that has made the hostile takeover attempt.

Pac-Man defense
People pill
Pottinger (Australia)
Proposed sale of NB Power
Purchase price allocation ...

See also: Hostile takeover, Acquisitions, Mergers, Target company, Smith

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