English Dictionary

flip-in

名詞

(business) A poison pill giving current shareholders of the targeted company the right to purchase additional stock at a discount before a potential takeover, so that the potential acquirer risks discriminatory dilution in the target company. The threshold level therefore effectively sets a ceiling on the amount of stock that any shareholder can accumulate before launching a proxy contest.

日本語の意味

企業買収防衛策の一種で、対象企業の現株主に、買収の前に割安で追加株式を購入できる権利を与えることにより、買収者が過剰な株式を収集する際に希釈効果を生み、実質的に株式保有の上限を設定する仕組み

To deter a hostile investor and limit accumulation of voting power, the board implemented a flip-in as part of its takeover defenses.

敵対的な投資家を抑止し、特定の株主が取得できる株式保有量を制限するために、取締役会は既存株主に買収前に割引で追加株を購入する権利を与えるポイズンピルを採用し、潜在的な買収者に差別的な持ち株希薄化のリスクを生じさせた。

意味（1）

(business) A poison pill giving current shareholders of the targeted company the right to purchase additional stock at a discount before a potential takeover, so that the potential acquirer risks discriminatory dilution in the target company. The threshold level therefore effectively sets a ceiling on the amount of stock that any shareholder can accumulate before launching a proxy contest.

There has been no definitive or pervasive ruling as yet on flip-ins, but courts in specific cases have limited their applications.

flip-ins （ plural ）