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When faced with a hostile bid, the board adopted a Pac-Man defense by making a counteroffer to acquire the suitor.
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When faced with a hostile bid, the board adopted a Pac-Man defense by making a counteroffer to acquire the suitor.
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Related words
Pac-Man defense
Noun
Japanese Meaning
敵対的買収に対抗するため、標的企業またはそのために行動する『ホワイトナイト』が、買収側の企業の重要な株式または全株式を取得することで局面を逆転させようとする戦略
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