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LSDefine

Simple English definitions for legal terms

poison pill

Read a random definition: in pari delicto doctrine

A quick definition of poison pill:

A poison pill is a way for a company to protect itself from being taken over by another company that it doesn't want to merge with. If a company tries to buy a lot of the target company's stocks, the target company can issue special stocks that give extra money to the people who own them. This makes it harder and more expensive for the other company to take over the target company.

A more thorough explanation:

Definition: A poison pill is a tactic used by a company to protect itself from a hostile takeover. When a company is being targeted for a takeover, it can issue new shares of stock that give special rights to the holders. These rights can make the company less attractive to the buyer, or more expensive to acquire.

Example: Let's say Company A wants to take over Company B. Company B's board of directors decides to implement a poison pill by issuing new shares of stock that give the holders the right to buy additional shares at a discounted price. This makes it more expensive for Company A to acquire Company B, and less attractive to its shareholders.

Explanation: The poison pill is a defensive strategy that makes it harder for a hostile bidder to take over a company. By issuing new shares of stock with special rights, the target company can make itself less attractive to the buyer, or more expensive to acquire. This gives the target company more time to find a better deal, or to negotiate better terms with the buyer.

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9:32
[kevin oleary]
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
WorthlessAttractiveZombie
9:34
I mean if Fordham doesn't release today I will purposefully get on a train, go to new york, and then take the stinkiest shit inside the admission office's toilet (potentially clogging it and forcing them to get a plumber)
IS IT ONLY ON MY END WHY DID THAT SEND TEN MILLION TIMES
HELLO
WorthlessAttractiveZombie
9:35
it sent a million times lol
WHAT HAPPENED
yeah i thought you were tweaking for a second
i'm so sorry everyone what the actual fuck this website hates me
WorthlessAttractiveZombie
9:35
Jack's just tweaking on LSD no biggie
to be fair this accurately represents my mental state
election day psychosis coming in hot (fordham)
usc pls pull through .....
i literally just need one A so i can relax before my ED decision
WorthlessAttractiveZombie
9:38
oh that's right USC might release
soapy
9:43
USC still has not looked at my app
WorthlessAttractiveZombie
9:43
when did you submit soapy?
soapy
9:44
10/16
WorthlessAttractiveZombie
9:44
to be fair it took them almost 2 months for me to go under review
soapy
9:44
Feelin a bit stressed, as I've got no date change for Michigan either despite applying 10/7
WorthlessAttractiveZombie
9:45
I have not had a date change either for Mich but I've seen people get in without one so who knows
I applied 9/25 to like 6 schools and some (Houston) have no date change yet so dw
soapy
9:46
But do people get in without addresses going long?
WorthlessAttractiveZombie
9:46
it's tough to tell because a lot of people type out their addresses long to begin with
soapy
9:46
Ah. I didn't. Looking back, my Mich supplement kind of sucks, so there's that
Mich overrated (Dean Z please let me in even tho i didnt apply and I am below both 25ths)
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