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

资深译员Paloma，毕业于亚洲一流的翻译学院，擅长翻译各类与境外投资相关的法律文件。