Using poison pills
for committing suicide is an eye opening for society.
the Delaware Supreme Court established the validity of poison pills
Boards in the United States are entitled to "just say no" to a proposed bid and to use defensive tactics, such as poison pills
, to prevent (as opposed to simply delay) a bid.
The 2004 poison pill
plan was to thwart John Malone and Liberty Media Corp.
The poison pill
"puts a damper" on the chance for a "friendly dialogue," Icahn was quoted as saying by Reuters.
1980s reached full force and before poison pills
were developed as a
There has been a spirited debate in the academic literature over the societal merits of takeover defenses in general and poison pills
present a more potent protection to the board facing a hostile tender offer than the control-share statute.
The apothecary who sold the poison pills
swears they were coated with gold and would pass through the senator's system harmlessly.
Furthermore, the results support the proposition that firms, which adopt poison pills
, are not meeting the demands of their stakeholders.
issue preferred shares to shareholders in the event of a hostile-takeover attempt, which makes it more difficult for a bidder to acquire the company.
The Federation of German Industries (BDI) is in favour of an option by which both multiple voting rights and poison pills
would be permitted as valid ways to frustrate takeover bids.
Our empirical investigation examines the changes in stockholder wealth associated with the adoption of poison pills
under different governance structures.
Some shareholders scored wholesale victories in their various public campaigns ranging from proxy contests to forcing companies to submit poison pills
The stock market tends to react neagatively to poison pills
(Malatesta and Walking, 1988; Ryngaert, 1988; Securities and Exchange Commission, 1986).