Pac Man

What does it mean?
A form of defense used in a hostile takeover situation. The target firm turns around and tries to take over the company that has made the hostile bid.

In Other Words...
Just think, all those years of Atari could save a company someday.

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Related Terms
Greenmail | Lobster Trap | Macaroni Defense | People Pill | Poison Pill | Shark Repellent

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