BNET Business Dictionary
Business Definition for: Poison Pill
- a measure taken by a company to avoid a hostile takeover, for example, the purchase of a business interest that will make the company unattractive to the potential buyer
- Also known as Show Stopper
Additional Resources
- What Is a Poison Pill?
- "Poison pills" work to thwart hostile takeovers, but they can also turn shareholders against you. How It Works Most poison-pill agreements are triggered when an outside company or individual — think Carl Icahn, for example — acquires ...
- Articles 2008-08-11
- Michael Milken Taking Another Nibble at the Poison Pill?
- Is the poison pill making a comeback? A recent item in the New York Post concerning none other than Michael Milken says it is. If you never realized that the poison pill had receded, you are excused, because I was unaware as well. Besides,...
- Blog posts 2008-08-27
- Retail Roundup: Casual Male's Poison Pill, New Execs Shake Up Sears, More
- Casual Male puts poison pill in place --- Casual Male Retail Group announced on Dec. 9 that its board of directors has adopted a rights plan, also known as a "poison pill." Poison pill is a term applied to a strategy companies use to thwart hostile takeovers, according to a...
- Blog posts 2008-12-09
- Michael Milken Taking Another Nibble at the Poison Pill?
- Michael Milken Taking Another Nibble at the Poison Pill?RE: Michael Milken Taking Another Nibble at the Poison Pill?In this world of terrorism, this is a must. There is a good market, if handled clandestine. Where else?In financial terms of it is a term for some practice that will stop a...
- Discussion threads 2008-09-02
- Court to hear Federated poison pill case Monday.
- Court to Hear Federated Poison Pill Case Monday A pivotal decision in the battle between Campeau Corp. and R.H. Macy & Co. for control of Federated Department Stores could come late Monday in Federal Court. Judge Leonard B. Sand will hear arguments...
- Research articles 1988-03-10
- Lear drops poison-pill provision.(News)(Lear Corp., shareholder rights plans.)(Brief Article)
- Byline: Terry Kosdrosky Lear Corp. dropped its poison-pill provision as of Dec. 15, seven months after a majority of shareholders voted in favor of a nonbinding resolution to put such a plan to a shareholder vote. Lear's board of directors did n...
- Research articles 2004-12-20
- No trumpets for poison pill.(PeopleSoft Inc and Oracle Corp.)(Editorial)
- Byline: Barry B. Burr Why does PeopleSoft Inc. make its poison pill so hard to find? If its board perceives the anti-takeover device as being in the interest of shareholders, why don't the directors and management trumpet it? Certainly, the boar ...
- Research articles 2004-12-13
- Borders poison-pill rule tightened.(News)(Borders Group Inc. fights future takeover)
- Byline: Brent Snavely Shareholders on Thursday approved a proposal at Borders Group Inc.'s annual meeting that requires the board of directors to obtain shareholder approval before it adopts a poison pill that would make a takeover by another comp Byline: Brent Snavely ...
- Research articles 2003-05-26
- Improving governance by joint shareholder action; Investors await trial to assert rights on News Corp. poison pill.
- Byline: Keith L. Johnson and Andrew Clearfield A preliminary ruling in a pending shareholder suit contesting News Corp.'s extension of its poison pill already has established a critical Delaware law precedent that upholds the authority of sharehol Byline: Keith L. Johnson and Andrew...
- Research articles 2006-03-06
- Time Warner's board of directors last week approved a shareholders rights plan of "poison pill." (Brief Article)
- Time Warner's board of directors last week approved a shareholders rights plan or "poison pill." Last week's action was seen by some as a response to the accumulation of Time Warner stock by Seagram Co., which owns 11.8% of Time Warner, Time...
- Research articles 1994-01-24
- ISP Shelves Proposal To Nix Hercules Poison Pill.(International Specialty Products Inc. still hopes to elect directors to the board of Hercules Inc.)(Brief Article)
- INTERNATIONAL SPECIALTY Products Inc., led by 76 percent owner and chairman Samuel J. Heyman, has shelved its proposal to eliminate Hercules Inc.'s poison pill takeover defense mechanism, but will focus its efforts on electing four of its directors INTERNATIONAL SPECIALTY Products Inc., led by...
- Research articles 2001-03-19
- Use of Poison Pill Needs Vote, Electronic Data Systems Shareholders Say.(Knight Ridder/Tribune Business News)
- May 24--PLANO, Texas--Electronic Data Systems shareholders approved a proposal yesterday that prevents the company from using a poison pill as an anti-takeover device without a shareholder vote. May 24--PLANO, Texas--Electronic Data Systems shareholders approved a proposal yesterday that prevents the company from using a...
- Research articles 2000-05-24
- What Is a Poison Pill?
- What Is a Poison Pill?RE: What Is a Poison Pill?I'm learning so much from bnet. Another informative post, keep it up!
- Discussion threads 2008-08-12
- Investors soften to poison pill news.
- Oct 23, 2005 (The Daily Telegraph - ABIX via COMTEX) -- Rupert Murdoch has defended News Corporation's decision to continue "poison pill" provisions for two years. Murdoch says ...
- Research articles 2005-10-23
- Super funds sue Murdoch over poison pill.
- Byline: Brian Toohey Oct 09, 2005 (The Australian Financial Review - ABIX via COMTEX) -- News Corporation is facing a multinational group of angry superannuation funds in court.They are suing for losses stemming from the ...
- Research articles 2005-10-09
- ALLIEDSIGNAL: AlliedSignal will sue to block latest AMP "poison pill" tactic.
- M2 PRESSWIRE-25 August 1998-ALLIEDSIGNAL: AlliedSignal will sue to block latest AMP "poison pill" tactic C1994-98 M2 COMMUNICATIONS LTD RDATE:240898 AlliedSignal Inc. (NYSE: ALD) today stated that it shortly will add to its existing lawsuit against AMP (NYSE: AMP) a request for...
- Research articles 1998-08-25
- POISON PILL PROTECTS WACHNER FROM HOSTILE TAKEOVER ANALYST: PURCHASE OF BOTH WACHNER AND CALVIN WOULD RENDER DISPUTE ACADEMIC.(Brief Article)
- NEW YORK -- A "poison pill" anti-takeover provision instituted by Warnaco last summer makes a hostile takeover of the beseiged firm unlikely, but not impossible. Calvin Klein's lawsuit against the company, alleging trademark violations and seeking the termination of Warnaco's license...
- Research articles 2000-06-12
- Goody's adopts poison pill. (acquisition of 10% or more of stock, Goody's Family Clothing Inc.) (Brief Article)
- KNOXVILLE, Tenn. FNS -- Goody's Family Clothing, Inc., reported Monday that it has adopted a poison pill, three weeks after its chief executive was removed for hinting that he might seek to take the retailer private. Under the poison pill, the acquisition of...
- Research articles 1994-10-18
- Campeau still can't get judge to kill Federated's poison pill. (Campeau Corp. bid for Federated Department Stores)
- Campeau Still Can't Get Judge To Kill Federated's Poison Pill By ELLEN FORMAN NEW YORK FNS -- Campeau Corp. was dealt another setback in court Monday when Federal Judge Leonard Sand denied another Campeau bid to have Federated Department Stores drop its poison pill....
- Research articles 1988-03-22
- Axa calls Farmers Group a 'poison pill' for BAT.
- Axa Calls Farmers Group A `Poison Pill' For BAT BAT Industries, the London-based conglomerate, has conducted a continuing campaign to use Farmers Insurance Group, Los Angeles, as a "poison pill" in an effort to protect BAT's entrenched management, without any concern for the interests...
- Research articles 1990-02-19
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