Shark Repellent
Number of measures taken by a corporation to discourage an unwanted takeover attempt.
Similar financial terms
Shark repellant
Amendment to company charter intended to protect it against takeover.
Shark Repellents Legal anti-takeover mechanisms devised by management to deter potential takeovers.
Shelf Registration A procedure that allows firms to file one registration statement covering several future issues of the same security.
2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. In effect, this gives the target company a "safe harbor." ...
Form of shark repellent whereby a target company acquires a business so onerously regulated it makes the target less attractive, giving it, in effect, a safe harbor.
Popular form of shark repellent See: Stub. Leveraged required return The required return on an investment when the investment is financed partially by debt.
shark repellent Any corporate activity that is utilized to discourage a hostile takeover. Sharpe ratio A risk-adjusted measure, calculated by using the standard deviation and excess...
Safe harbor Often used in risk arbitrage as a form of shark repellent. A target company acquires a business so onerously regulated that it makes the target less attractive, giving it, in effect, a safe harbor.
See: Shark repellent. Portability The character of benefits that may be carried from a previous job to the next. PORTAL Market The trading market for unregistered securities that is operated by NASDAQ.
A takeover may be a friendly acquisition or an unfriendly bid that the Target Company may fight with Shark Repellent techniques. A hostile takeover (aiming to replace existing management) is usually attempted through a public Tender Offer.
Terms such as 'shark repellent' and 'poison pill' are used to describe the defensive methods or tactics that companies use to attempt to prevent mergers, i.e. the joining of two or more businesses into one, or hostile takeovers, when a ...
Often used in risk arbitrage. See: Shark repellent.
Portability
The character of benefits that may be carried from a previous job to the next.
See also: Board of Directors - BOD, Poison Pill, Proxy Fight, Share Purchase Right, Shark Repellent, Takeover
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Porcupine provision
Often used in risk arbitrage. See: Shark repellent.
Portability
The character of benefits that may be carried from a previous job to the next.
acquirer sought by the target of an unfriendly takeover to rescue it from the unwanted bidder's control. The white knight strategy is an alternative to shark repellent tactics and is used to avert an extended or bitter fight for control.
Privilege offered a white knight (friendly acquirer) by a target company to buy crown jewels or additional equity. The aim is to discourage a hostile takeover. Sometimes referred to as Shark repellent.
Lombard rate ...
Often used in risk arbitrage. Privilege offered a white knight (friendly acquirer) by a target company to buy crown jewels or additional equity. The aim is to discourage a hostile takeover. See: Shark repellent.
Lockbox ...
with the purpose of either paying an extraordinary dividend or repurchasing shares, leaving the public shareholderDefinition: s with a continuing interest in a more financially leveraged company. Popular form of shark repellent See: ...
takeover, to give current shareholders a large number of stock shares redeemable upon takeover, or to give the current management members very large benefits, etc. In the jargon of mergers and acquisitions, a killer bee is a type of shark repellent, ...
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