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LSDefine

Simple English definitions for legal terms

pill

Read a random definition: permanent resident

A quick definition of pill:

A pill is a way for a company to protect itself from being taken over by another company. It's like a special rule that makes it harder and more expensive for the other company to buy the first company. This rule gives the first company's shareholders the right to buy more of the company's stock or debt at a lower price, which makes it more expensive for the other company to take over. This is called a poison pill.

A more thorough explanation:

Definition: A pill is a defense mechanism used by corporations to prevent unwanted takeover bids. It is also known as a poison pill. Shareholders are given the right to acquire equity or debt securities at a favorable price to increase the bidder's acquisition costs. This makes the takeover prohibitively expensive.

Example: If a company is being targeted for a takeover bid, the board of directors may implement a poison pill. For instance, they may offer shareholders the right to purchase additional shares at a discounted price, making it more expensive for the bidder to acquire a controlling interest in the company.

This example illustrates how a poison pill can be used to deter hostile takeovers by making them too expensive for the bidder.

PIH | pillage

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13:38
love you too bby
glovediedthisishismom
13:42
what if desantis appoints lara trump and matt gaetz to be floridas senators
Dkk
13:42
Sounds good to me
HopefullyInLawSchool
13:43
@glovediedthisishismom: What if he appoint Ym instead?
HELP
every damn opportunity
13:47
do schools straight reject people from ed or to they always ed-rd if its a no for ED?
HopefullyInLawSchool
13:48
Some schools rject
13:49
Thanks! I couldn't find any reddit thread about it lol
13:49
but just means now I have to wait for the rejection from Davis
glovediedthisishismom
13:53
i just wanna rock
glovediedthisishismom
13:53
bodyadaya
13:53
let it rock
14:17
How are the vibes heading into thanksgiving yall?
HopefullyInLawSchool
14:17
@Law-Guy Im feeling kinda happy I applied YM to UCI hoping it helps (:
Wanna give some head
soap
14:18
Cornell
14:19
@HopefullyinLawSchool What's YM?
14:19
oh no
HopefullyInLawSchool
14:19
you mom
WorthlessAttractiveZombie
14:19
Ouch
HopefullyInLawSchool
14:19
your*
14:19
I fear I realized too late
babycat
14:20
another victim claimed
concorde
14:22
pwned
14:22
Might have to send in addendums for that
Dkk
14:26
No wave, so sad.
WorthlessAttractiveZombie
14:28
What are the odds that berk releases later today?
babycat
14:28
@Dkk: And here I thought you were a prophet. Smh.
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