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LSDefine

Simple English definitions for legal terms

shark repellent

Read a random definition: chartophylax

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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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.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
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