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LSDefine

Simple English definitions for legal terms

poison pill

Read a random definition: et de hoc ponit se super patriam

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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TGM
18:39
@texaslawhopefully: alas, haven’t even gotten an interview (applied around thanksgiving)
18:39
Yeah I would delay as long as you have plausible deniability
TGM
18:40
I actually do have a transcript issue that registrar needs to resolve, should I say that
TGM
18:41
(Course marked as Incomplete that’s supposed to be removed)
TGM
18:41
not sure if I should email them to say that, or just hold off on sending it and not give an excuse
18:41
I think I just wouldn’t reach out and if they ask for them then say that
Dkk
18:41
@tgm Yeah sounds good, say that if they ask
18:47
hey yall
18:47
im premed idk why im here
18:48
we’re like cool and sexy and fun I get it
18:48
true i love ur user
18:49
thank you my little crow friend
Dkk
18:50
Med law easy done
medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
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