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LSDefine

Simple English definitions for legal terms

pill

Read a random definition: forisjurare parentilam

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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General chat about the legal profession.
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ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
WorthlessAttractiveZombie
7:44
My berkeley paragraph finally disappeared. I definitely think it is just an indicator that they are actively reviewing files, and does not mean anything about A, WL, or Rs
WorthlessAttractiveZombie
7:46
Also has anyone's date disappeared for W&L? Mine did last night
7:55
@WorthlessAttractiveZombie: mine did yesterday morning
7:56
Oops sorry I meant Vilanova. Mine disappeared last week
soapy
8:48
UMN under review! As predicted, decisions are gonna come out early December
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