Poison pill
Anit-takeover device that gives a prospective acquiree's shareholders the right to buy shares of the firm or shares of anyone who acquires the firm at a deep discount to their fair market value. Named after the cyanide pill that secret agents are instructed to swallow if capture is imminent. |
Similar financial terms
Poison putA covenant allowing the bondholder to demand repayment in the event of a hostile merger.
