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LSDefine

Simple English definitions for legal terms

structural takeover defense

Read a random definition: ut res magis valeat quam pereat

A quick definition of structural takeover defense:

A structural takeover defense is a way for a company to protect itself from being taken over by another company. This defense is put in place by the company to make it difficult for another company to take control without having any financial or operational impact on the target company. This can include legal mechanisms or policies that discourage hostile takeover attempts. Another type of takeover defense is a transactional defense, which involves financial or operational transactions designed to make a takeover bid more difficult. Examples of this include issuing new shares of stock or acquiring expensive assets.

A more thorough explanation:

Structural takeover defense is a legal mechanism adopted by a corporation to prevent hostile takeover attempts without affecting the company's financial or operational status. It is also known as a "shark repellent" defense.

  • Poison Pill: A company can issue new shares of stock to existing shareholders, making it more expensive for the acquiring company to purchase a controlling interest. This makes the takeover less attractive and more difficult to achieve.
  • Porcupine Provision: A company can adopt a provision that allows shareholders to redeem their shares at a premium if a hostile takeover occurs. This makes the takeover more expensive for the acquiring company and less attractive to shareholders.

These examples illustrate how a company can use structural takeover defense to make it more difficult for another company to acquire a controlling interest. By making the takeover more expensive or less attractive, the target company can discourage hostile takeover attempts and maintain its independence.

structural alteration | structural unemployment

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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.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
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