A corporation’s defense against an unwanted takeover bid whereby shareholders are granted the right to acquire equity or debt securities at a favorable price to increase the bidder’s acquisition costs. — Often shortened to pill. See TAKEOVER DEFENSE. Cf. PORCUPINE PROVISION. [Cases: Corporations 310(1). C.J.S. Corporations §§ 475, 477–484, 487–489.]
poison pill. A corporation’s defense against an unwanted takeover bid whereby shareholders are granted the right to acquire equity or debt securities at a favorable price to increase the bidder’s acquisition costs. — Often shortened to pill. See TAKEOVER DEFENSE. Cf. PORCUPINE PROVISION. [Cases: Corporations 310(1). C.J.S. Corporations §§ 475, 477–484, 487–489.] “Another recent tactic
poison pill 「毒丸」 作为收购对像或兼并目标的公司，为阻止收购或兼并的发生而采取的使其股票或财务状况对收购者或兼并者失去吸引力的策略。例如，发行一系列新的优先股，赋予其股东在公司被接管后以升水价格〔premium price〕赎回的权利，从而增加收购成本。