scorched earth defense

scorched-earth defense. Corporations. An antitakeover tactic by which a target corporation sells its most valuable assets or divisions in order to reduce its value after acquisition and thus try to defeat a hostile bidder’s tender offer. Cf. CROWN-JEWEL DEFENSE; PAC-MAN DEFENSE.

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词条贡献者

译者Vicky，毕业于世界顶级翻译学院，擅长翻译各种与债权人权利及破产诉讼相关的法律文件。