FT MarketWatch

Poison pill

Any tactic by a company designed to avoid a hostile Takeover. One example is the issuance of Preferred stock that gives shareholders the Right to Redeem their shares at a premium after the Takeover.

Related Terms: 9 Heir, OID, Preferred stock, Redeem, Right, Shareholder, Share, Takeover, Void
Other Related Pages: Category: Mergers_and_Acquisitions Starting With: P
Additional Related Terms: 10-K, 19c3 stock, Accrual of discount, After-tax basis, American Stock Exchange, Amortization of premium, At par, All or any part, At best, At call