Pac-man - Definition

A method of defence against a takeover bid, where the target company threatens to take over the company which is trying to take it over. Also known as the Pac-Man defence, it is a business strategy in which a hostile takeover is avoided by purchasing the attacking business. This term, coined by Bruce Wasserstein, is a reference to the way in which the arcade game Pac-Man is played.



Terms near "Pac-man"

Pacific Exchange
Pacific Rim
Pacific Stock Exchange
Package Deal
Package loan
Package mortgage
Package policy
Paid up
Paid-in capital
Paid-in surplus
Ready to Trade!
First you'll need an online broker. See how much you can save by visiting Forexbite Broker Center.
Advertisement

Pac-man - Related articles & news

Featured
Top 5 factors that affect exchange rates ...

There are many factors that affect exchange rates of currencies. However some are more important in currency trading than others. These are; Interest and Inflation rates, Trade balance, Currency market speculation, Foreign investment and Central bank market intervention. Learn how to use these factors in your forex tra ...

Forex Navigation