Abstract
It is trite to say that the United States has witnessed an explosion of hostile take-over activity in recent years. Potential acquirers have employed both non-coercive techniques such as conditional bids and proxy solicitations, and coercive techniques such as "street sweeps' 4 and two-tier, front-end loaded bids.5 In response, target corporations have fought back with a wide variety of" defences designed to defeat any undesired take-over attempt. One of the most widely contested of these defences is the shareholder rights plan, or "poison pill" as it is better known.
| Original language | Canadian English |
|---|---|
| Journal | Dalhousie Law Journal |
| Issue number | 1.0 |
| Publication status | Published - May 1 1991 |
Keywords
- United States
- hostile take-over
- conditional bids
- proxy solicitations
- street sweeps
- loaded bids
- corporation
- shareholder rights plan
- poison pill
- Canada
- commercial law
Disciplines
- Commercial Law