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LSDefine

Simple English definitions for legal terms

reverse bear hug

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A quick definition of reverse bear hug:

Term: Reverse Bear Hug

Definition: A reverse bear hug is a tactic used by a company that is being targeted for a takeover. Instead of rejecting the offer outright, the target company shows a willingness to negotiate but demands a much higher price than what was offered. This is usually done as an anti-takeover strategy to discourage the acquiring company from proceeding with the takeover.

A more thorough explanation:

A reverse bear hug is a tactic used in business when a company is being targeted for a takeover. It is a response to a bidder's offer by showing a willingness to negotiate but demanding a much higher price than that offered. This is usually done as an antitakeover tactic.

Company A wants to take over Company B. Company B responds with a reverse bear hug by saying they are willing to negotiate, but they demand a much higher price than what Company A offered. This makes it more difficult for Company A to acquire Company B.

Another example could be a company that is being targeted for a hostile takeover. The company could use a reverse bear hug by offering a price per share that is significantly higher than market value, making it difficult for the acquiring entity to continue with the takeover.

These examples illustrate how a reverse bear hug can be used as a defensive tactic to prevent a takeover or to negotiate a higher price for the company being targeted.

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9:14
Well the fun thing is if you get an LSAC fee waiver, they give you 6, but if the fee waiver expires, those 6 stay valid
[] starfishies
9:15
oh cool (i spent all mine)
9:15
So if you're just poor as shit for like six years and apply for a new LSAC fee waiver when it expires every two years, you'll keep stacking the up
[] starfishies
9:15
OH actually
9:15
I didn't realize this until I emailed LSAC and they were like dude you've got 12 you'll be fine
[] starfishies
9:15
wish i knew that info like 4 years ago lol
9:15
Lmao
9:15
Yeah I thought they'd expire
[] starfishies
9:15
nice you were on that
9:19
@swagadocious: they deserve that response lol
9:19
one school sort of accused me of lying when i said my parent’s income was zero and they were like give us the real number. bro idk what to tell you
9:20
Lmao my parent is a pizza delivery driver on SSDI I think I'd tell them to go fuck themselves
9:21
It is ludicrous the kind of bubble some of these people live in
9:21
boston schools have been the worst about fee waivers in my experience
llama
9:21
my fav are the schools who send a 100q form asking for tax docs, all sorts of info. like, there are other schools worth applying to, and yall aint one
9:21
lmaooo yes llama
9:21
Indiana's form was very fair
llama
9:21
NE nice :D
9:22
Haven't gotten one with tons of financial Qs yet
9:22
But i believe it lmao
9:22
a couple of them will give you a fee waiver for having a Pell grant in undergrad I appreciate those guys
llama
9:22
you want a crazy story
9:22
shoutout berkeley
9:23
@llama: always
llama
9:23
yea pell grant auto is nice of them
llama
9:24
No longer taking the Jan LSAT bc LSAC required me, in their letter, to apply for accommodations. Oops
9:24
oh man
llama
9:24
That one is on me but bruh
9:24
February?
llama
9:24
Deadline passed :D
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