pills--then the validation of the
poison pill in Moran and subsequent
The target corporation's shareholders may adopt a
poison pill prior to any hostile bid being launched or they may be asked to do so in the face of a bid (a so-called "tactical" pill).
The rights plan had come under fire from a shareholder, Florida's Miramar Police Officers' Retirement Plan, which contended that since News had agreed in a 2006 settlement to limit
poison pills to only one year without shareholder approval, the two-year life of the current pill exceeded the settlement.
Poison pills discourage hostile takeovers with triggers for the issuance of new shares, which weaken the power of shareholders who exceed a set stake.
(38) The foundation of Canadian
poison pill jurisprudence was set by the
There are two investors who hold 14.9 percent in the company, and it had recently taken a
poison pill." It was mentioned in the report that a
poison pill is a strategy used by corporations to discourage hostile takeovers.
"Scotland and the rest could keep the EU membership as a leaving present or a
poison pill, depending on how you look at it."
There is no consensus on the systemic effects of takeover defenses in general, or of the most important defense mechanism--the shareholder rights plan or "
poison pill"--in particular.
26 January 2012 - US life sciences tools maker Illumina Inc (NASDAQ:ILMN) said today its board had adopted a rights agreement, or a so-called
poison pill, to defend itself from Swiss Roche's (VTX:ROG) hostile attempt to take over the company.
The "
poison pill" is a term used to describe a method in which a company tries to avoid a takeover by making its stock price less attractive.
Family Dollar received a buyout offer from investor Nelson Peltz's Trian Fund in the first quarter of the year, and not only did the dollar store chain's board reject the offer, it adopted a "
poison pill" provision to discourage other unsolicited offers.
On Wednesday, the board set in motion a
poison pill takeover defence.
Icahn and his hedge fund have raised their combined stake in Mentor to more than 16.1 million shares in Mentor, prompting the company to launch a
poison pill proviso.
Icahn said on Friday that he intended to pursue legal action against Lions Gate s
poison pill. If his offer is successful, his firm, the Icahn Group, would replace the studio s board of directors with its own nominees, he said.