shark repellent


Also found in: Dictionary, Thesaurus, Financial, Wikipedia.

shark repellent

Any defensive financial tactic used by a company to fend off a hostile corporate takeover by another. Sensing that Gangrenous Inc. was looking to acquire their company to exploit its valuable intellectual property, the board of directors passed a number of shark repellents during their AGM to keep the hostile company at bay.
See also: shark

shark repellent

n. something that prevents corporate takeovers. (Securities markets.) Acme Systems tried again to get its board to approve a shark repellent to keep the Widget cartel from acquiring it.
See also: shark
References in periodicals archive ?
"Our shark repellent dye contains a chemical that repels and disorientates sharks.
Firms that had already adopted a shark repellent may be either less likely to adopt a poison pill, because the two are substitutes, or more likely, because the firm may simply adopt every takeover defense that becomes available (cf.
I wrote the President a memorandum suggesting that we try to develop a shark repellent" (Field, 1953:329).
It supplies armed forces in Britain and the USA with all manner of James Bond-type gadgets including bombproof underpants, (pictured), tiny robot surveillance planes, an effective string-pull shark repellent and an air-pressurised cannon that stops pirates in their tracks.
One can also try out diving equipment such as a shark repellent, which comes with a money-back guarantee if it fails.
These range from a machine to turn sea water into drinking water, a new lightweight heliograph signalling device and a shark repellent, tested and approved by the US navy.
Teeka Tan Products, Inc., Boca Raton, FL, said late last month that it has completed the first phase of testing on a sunscreen formulation containing a chemical shark repellent. The study was performed at the Bimini Biological Field Station, South Bimini, Bahamas, working in conjunction with SharkDefense.
Even though there's no utility belt with shark repellent spray in this movie, the Batmobile has changed from a sleek, streamlined car into a military monster.
The world's first personal shark repellent device, designed to be worn by swimmers and divers, has been unveiled by SeaChange Technology, an Australian marine electronics company.
While Nyad does not have a shark cage surrounding her during the swim, she is equipped with electronic shark repellent and her team has divers to protect her from the deadly creatures, (http://www.cnn.com/2012/08/20/health/diana-nyad-swim/index.html) CNN reported .
"He was instrumental in developing many of our best-selling products, like our shark repellent.
Mark's experiences included tagging a 12-foot great hammerhead and carrying out shark repellent tests on a tiger shark.
Now it is all possible, and no scuba gear or shark repellent is necessary.
But since then the firm, in Clydesmuir Road, Tremorfa, has developed into perhaps the world's leading maker of survival gear - it now counts bombproof pants, unmanned aerial vehicles, shark repellent and mine detectors among its creations.
In a recent interview with the Echo, Jamie revealed he had fears of sharks, which prompted Cardiff-based equipment specialists BCB International Ltd to leap into action to donate some of their highly effective shark repellent for the trip.