English version

Pacman defense

From Longman Business DictionaryPacman defensePacman defense /ˈpækmæn dɪˌfens/ American EnglishFINANCE when one company tries to buy another in a TAKEOVER, but the second company buys the shares of the first, stopping it from happeningThe airline executed a successful Pacman defense by acquiring its main competitor following a hostile bid. defence
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