Pre offer strategies defences

 0    7 tarjetas    aleksandradudek98
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término definición
Staggered Board
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The board is divided into groups with different election years, which prevents a bidder from quickly taking control.
Supermajority
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Requires a high percentage (e.g., 80%) of shareholder votes to approve mergers, making takeovers more difficult.
Fair Price Provision
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The buyer must pay a minimum “fair” price for the shares, protecting shareholders from undervalued offers.
Restricted Voting Rights
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Shareholders who acquire a large stake lose their voting rights unless approved by the board.
Waiting Period
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Forces a delay (e.g., several years) before a merger can be completed, slowing hostile takeover efforts.
Poison Pill
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Allows existing shareholders to buy more shares cheaply if a takeover is attempted, diluting the buyer’s control.
Poison Put
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Lets bondholders demand early repayment if the company is taken over, increasing takeover costs.

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