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LSDefine

Simple English definitions for legal terms

takeover defense

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A quick definition of takeover defense:

Takeover defense is a way for a company to protect itself from being taken over by another company that it doesn't want to be taken over by. There are two types of takeover defense: structural and transactional. Structural defense is a legal way for a company to prevent a takeover without changing anything about the company. Transactional defense is when a company does something to make it harder for another company to take it over, like raising its share price or buying expensive assets.

A more thorough explanation:

Takeover defense refers to measures taken by a company to prevent hostile takeover attempts. This can be done through legal mechanisms or financial/operational transactions that make it more difficult for a potential bidder to acquire the company.

This is a legal mechanism that a company can adopt to prevent future takeover bids without affecting its financial or operational status. For example, a company may adopt a provision in its bylaws that requires a supermajority vote for any acquisition or merger.

This involves financial or operational transactions that make it more difficult for a potential bidder to acquire the company. Examples include:

  • Issuing new shares of stock to dilute the value of existing shares and make it more expensive for a bidder to acquire a controlling stake.
  • Acquiring expensive assets that increase the company's value and make it less attractive for a bidder to acquire.
  • Adopting a poison-pill defense, which involves issuing new shares of stock to existing shareholders at a discounted price if a hostile takeover attempt is made. This makes it more expensive for the bidder to acquire a controlling stake.

These examples illustrate how a company can use financial and legal strategies to prevent hostile takeover attempts and protect its interests.

takeover bid | takeover offer

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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]
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
WorthlessAttractiveZombie
9:34
I mean if Fordham doesn't release today I will purposefully get on a train, go to new york, and then take the stinkiest shit inside the admission office's toilet (potentially clogging it and forcing them to get a plumber)
IS IT ONLY ON MY END WHY DID THAT SEND TEN MILLION TIMES
HELLO
WorthlessAttractiveZombie
9:35
it sent a million times lol
WHAT HAPPENED
yeah i thought you were tweaking for a second
i'm so sorry everyone what the actual fuck this website hates me
WorthlessAttractiveZombie
9:35
Jack's just tweaking on LSD no biggie
to be fair this accurately represents my mental state
election day psychosis coming in hot (fordham)
usc pls pull through .....
i literally just need one A so i can relax before my ED decision
WorthlessAttractiveZombie
9:38
oh that's right USC might release
soapy
9:43
USC still has not looked at my app
WorthlessAttractiveZombie
9:43
when did you submit soapy?
soapy
9:44
10/16
WorthlessAttractiveZombie
9:44
to be fair it took them almost 2 months for me to go under review
soapy
9:44
Feelin a bit stressed, as I've got no date change for Michigan either despite applying 10/7
WorthlessAttractiveZombie
9:45
I have not had a date change either for Mich but I've seen people get in without one so who knows
I applied 9/25 to like 6 schools and some (Houston) have no date change yet so dw
soapy
9:46
But do people get in without addresses going long?
WorthlessAttractiveZombie
9:46
it's tough to tell because a lot of people type out their addresses long to begin with
soapy
9:46
Ah. I didn't. Looking back, my Mich supplement kind of sucks, so there's that
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