pac man defense

Pac-Man defense (pak-man). An aggressive antitakeover defense by which the target company attempts to take over the bidder company by making a cash tender offer for the bidder company’s shares. • The name derives from a video game popular in the 1980s, the object of which was to gobble up the enemy. This defense is seldom used today. Cf. CROWN-JEWEL DEFENSE; SCORCHED-EARTH DEFENSE.

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词条贡献者

译者Virginia，毕业于一所培养高级翻译以及跨文化事务专家的精英大学，擅长翻译各种与私募股权融资相关的法律文件。