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LSDefine

Simple English definitions for legal terms

shark repellent

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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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babycat
11:48
Going to law school with you is even more fun than going to San Sebastian, Irún, Hendaye, Biarritz, Bayonne or being sick to my stomach on the Travesera de Gracia in Barcelona partly because in your orange shirt you look like a better happier St. Sebastian partly because of my love for you, partly because of your love for yoghurt partly because of the fluorescent orange tulips around the birches partly because of the secrecy our smiles take on before people and statuary
m10
11:49
Man, there is this girl I visit every month at this one restaurant who I used to go skinny dipping with naked like @ararara always talked about in San Diego. We randomly reconnected like two months ago at this place she works at and we talk a lot about John Steinbeck books. If I don't visit her this month, she might be sad. However, this is my first day not sick and I worry about getting her sick and I am broke. What should I do LSD?
m10
11:49
Thanks @babycat that means a lot!
m10
11:50
Glad we can both be content at Scalia law. One of my favorites.
you can ask her if she wants to risk getting sick
11:50
hi lsd
m10
11:50
I dont have her number or any social media. This is one of those regular kinda things in restaurant and bar culture.
11:50
berk td is unlikely so BERK MONDAY :eyes:
hi eggan :)
babycat
11:52
@m10: I’m not going to DC this isn’t going to work out
11:55
hello all
hello info man
@m10: go see her it's worth the risk
11:55
hey wasp
babycat
11:56
hi information man
m10
11:56
Thanks wasp, I will.
11:56
hey babycat
m10
11:56
@babycat: What I am referencing earlier with the balls comment. https://youtu.be/qjRBAhWPT7g?si=MxPwIM12dco_Ad2M&t=3325
BulbasaurNoLikeCardio
11:56
Not worth the risk. Get a girl sick and she will remind you forever. Tell her whats up but do not share germs
m10
11:56
was*
JumpySubsequentDolphin
11:57
wear a mask
JumpySubsequentDolphin
11:57
go back to Covid days
m10
11:58
Nah nah she would not like that. She is conservative.
BulbasaurNoLikeCardio
11:58
Tell her you just got over a cold and if she wants to try and steal your germs its on her but no one likes being sick so hopefully she is chill
m10
11:59
We will see. This is enough feedback. Thank you all.
12:00
tell her you wanna test and see if your immune systems are compatible, that gets the ladies going
m10
12:00
Lol, maybe
babycat
12:00
lmao when you give the republican baddie the ick by masking up
12:01
LOL
Dkk
12:02
Just part of the culture.
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