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LSDefine

Simple English definitions for legal terms

shark repellent

Read a random definition: credit file

A quick definition of shark repellent:

Shark repellent is a way for a company to protect itself from being taken over by someone who wants to control it. It's like a special rule that the company makes to stop someone from buying a lot of its shares and taking over. This rule can be written in the company's rules or laws, and it's meant to keep the company safe from people who might want to take it over.

A more thorough explanation:

Shark repellent is a term used in business to describe a strategy or provision that a company puts in place to prevent a hostile takeover. This means that if another company tries to buy a controlling interest in the company, the shark repellent provision will make it difficult or impossible for them to do so.

One example of a shark repellent provision is a "poison pill." This is when a company issues a large number of new shares of stock, which dilutes the value of the existing shares. This makes it more expensive for the acquiring company to buy a controlling interest in the company.

Another example is a "golden parachute." This is when a company offers its top executives large payouts if the company is acquired and they lose their jobs. This makes it less attractive for the acquiring company to take over the company, as they will have to pay out large sums of money to the executives.

These examples illustrate how shark repellent provisions can make it difficult for another company to take over a company. By making it more expensive or less attractive to acquire a controlling interest, the company can protect itself from hostile takeovers.

share-warrant to bearer | sharp

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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
Minus those random R decisions from UMN yesterday though right? I wonder what happened there. I don’t think I’ve seen a school start the season out with anything but As on here
almost all of my apps have been UR for 6 weeks at this point I feel exhausted waiting for them to finish
Irvine is being snobby and wont start any review until end of Nov.
Yeah, it’s tough. I’m distracting myself by playing good video games after work :)
im distracting myself by schizo-scrolling r/lawschoolamissions and every conceivable data point on this godforsaken website
it is not working
Haaa I naturally want to do that too. I’m trying to stop. They need a surgeon general’s warning on this site for perspective law students
i spend more time on here then anything else trying to rationalize that the waves from last year will match waves for this year (they won't) and that the stats of people with the same stats are indicative of my own (they aren't)
There aren't many people in my stat range so I pretty much know every result in my range after being on here for a few years
9:28
congrats on the 172 bruce
go dawgs fr
9:29
roll tide
do we foresee a fordham election day wave today (i'm delusional)
WorthlessAttractiveZombie
9:31
I think so, Jack
9:31
some people hate him. some people love him, but he a real one: https://youtu.be/w5oEqiVQcF4?t=173
9:32
[kevin oleary]
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