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"

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Pacific Rim
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