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Shareholder rights plan

Index Shareholder rights plan

A shareholder rights plan, colloquially known as a "poison pill", is a type of defensive tactic used by a corporation's board of directors against a takeover. [1]

55 relations: Asarco, AWG plc, Board of directors, Carl Icahn, Corporate raid, Corporation, Danone, Debt, Delaware, Delaware Supreme Court, E.ON, Endesa, Espionage, European Commission, European Union, Falconbridge Ltd., Financial Times, Golden handcuffs, Golden share, Greenmail, Heathrow Airport Holdings, Human resources, Jerry Yang, London Stock Exchange, Market for corporate control, Martin Lipton, Mergers and acquisitions, Microsoft, Moran v. Household International, Inc., NASDAQ, Ontario Securities Commission, Option (finance), Oracle Corporation, Panel on Takeovers and Mergers, PeopleSoft, Preferred stock, Proxy fight, Pyrrhic victory, Scania AB, Shell corporation, Staggered elections, Stanford Law Review, Stock swap, Suicide pill, Takeover, The New York Times, United Kingdom, United States, Vale Limited, Voting plan, ..., Wachtell, Lipton, Rosen & Katz, Warrant (finance), White knight (business), Xstrata, Yahoo!. Expand index (5 more) »

Asarco

ASARCO LLC (American Smelting and Refining Company) is a mining, smelting, and refining company based in Tucson, Arizona, which mines and processes primarily copper.

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AWG plc

AWG plc was a British holding company which is parent to Anglian Water.

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Board of directors

A board of directors is a recognized group of people who jointly oversee the activities of an organization, which can be either a for-profit business, nonprofit organization, or a government agency.

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Carl Icahn

Carl Celian Icahn (born February 16, 1936) is an American businessman, investor, and philanthropist.

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Corporate raid

In business, a corporate raid is the process of buying a large stake in a corporation and then using shareholder voting rights to require the company to undertake novel measures designed to increase the share value, generally in opposition to the desires and practices of the corporation's current management.

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Corporation

A corporation is a company or group of people or an organisation authorized to act as a single entity (legally a person) and recognized as such in law.

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Danone

Danone is a French multinational food-products corporation based in Paris and founded in Barcelona, Spain.

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Debt

Debt is when something, usually money, is owed by one party, the borrower or debtor, to a second party, the lender or creditor.

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Delaware

Delaware is one of the 50 states of the United States, in the Mid-Atlantic or Northeastern region.

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Delaware Supreme Court

The Supreme Court of Delaware is the sole appellate court in the United States' state of Delaware.

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E.ON

E.ON SE (marketed with an interpunct as E·ON) is a European holding company based in Essen, North Rhine-Westphalia, Germany.

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Endesa

Endesa, S.A. (originally an initialism for Empresa Nacional de Electricidad, S.A.) is the largest electric utility company in Spain.

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Espionage

Espionage or spying, is the act of obtaining secret or confidential information without the permission of the holder of the information.

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European Commission

The European Commission (EC) is an institution of the European Union, responsible for proposing legislation, implementing decisions, upholding the EU treaties and managing the day-to-day business of the EU.

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European Union

The European Union (EU) is a political and economic union of EUnum member states that are located primarily in Europe.

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Falconbridge Ltd.

Falconbridge Limited was a Toronto, Ontario-based natural resources company with operations in 18 countries, involved in the exploration, mining, processing, and marketing of metal and mineral products, including nickel, copper, cobalt, and platinum.

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Financial Times

The Financial Times (FT) is a Japanese-owned (since 2015), English-language international daily newspaper headquartered in London, with a special emphasis on business and economic news.

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Golden handcuffs

Golden handcuffs, a phrase first recorded in 1976, refers to financial allurements and benefits that have the objective to encourage highly compensated employees to remain within a company or organization instead of moving from company to company (or organization to organization) (opposite of a golden parachute).

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Golden share

A golden share is a nominal share which is able to outvote all other shares in certain specified circumstances, often held by a government organization, in a government company undergoing the process of privatization and transformation into a stock-company.

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Greenmail

Greenmail or greenmailing is the action of purchasing enough shares in a firm to challenge a firm's leadership with the threat of a hostile takeover to force the target company to buy the purchased shares back at a premium in order to prevent the potential takeover.

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Heathrow Airport Holdings

Heathrow Airport Holdings Limited, formerly BAA is the United Kingdom-based operator of Heathrow Airport.

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Human resources

Human resources are the people who make up the workforce of an organization, business sector, or economy.

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Jerry Yang

Jerry Chih-Yuan Yang (born November 6, 1968) is a Taiwanese-American Internet entrepreneur, engineer, and programmer.

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London Stock Exchange

The London Stock Exchange (LSE) is a stock exchange located in the City of London, England.

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Market for corporate control

The market for corporate control is the role of equity markets in facilitating corporate takeovers.

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Martin Lipton

Martin Lipton (born June 22, 1931) is an American lawyer, a founding partner of the law firm of Wachtell, Lipton, Rosen & Katz specializing in advising on mergers and acquisitions and matters affecting corporate policy and strategy.

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Mergers and acquisitions

Mergers and acquisitions (M&A) are transactions in which the ownership of companies, other business organizations, or their operating units are transferred or consolidated with other entities.

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Microsoft

Microsoft Corporation (abbreviated as MS) is an American multinational technology company with headquarters in Redmond, Washington.

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Moran v. Household International, Inc.

Moran v. Household International, Inc., 500 A.2d 1346 (Del. 1985) is a decision of the Delaware Supreme Court that upheld a shareholder rights plan (also known as a "poison pill") as a legitimate exercise of business judgment by Household International's board of directors.

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NASDAQ

The Nasdaq Stock Market is an American stock exchange.

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Ontario Securities Commission

The Ontario Securities Commission (OSC) is a regulatory agency which administers and enforces securities legislation in the Canadian province of Ontario.

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Option (finance)

In finance, an option is a contract which gives the buyer (the owner or holder of the option) the right, but not the obligation, to buy or sell an underlying asset or instrument at a specified strike price on a specified date, depending on the form of the option.

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Oracle Corporation

Oracle Corporation is an American multinational computer technology corporation, headquartered in Redwood Shores, California.

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Panel on Takeovers and Mergers

The Panel on Takeovers and Mergers (the Takeover Panel or PTM) is a regulatory body located in London, England.

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PeopleSoft

PeopleSoft, Inc. was a company that provided human resource management systems (HRMS), Financial Management Solutions (FMS), supply chain management (SCM), customer relationship management (CRM), and enterprise performance management (EPM) software, as well as software for manufacturing, and student administration to large corporations, governments, and organizations.

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Preferred stock

Preferred stock (also called preferred shares, preference shares or simply preferreds) is a type of stock which may have any combination of features not possessed by common stock including properties of both an equity and a debt instrument, and is generally considered a hybrid instrument.

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Proxy fight

A proxy fight, proxy contest or proxy battle, sometimes also called a proxy war, is an unfriendly contest for the control over an organization.

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Pyrrhic victory

A Pyrrhic victory is a victory that inflicts such a devastating toll on the victor that it is tantamount to defeat.

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Scania AB

Scania AB, formerly AB Scania-Vabis, is a major Swedish manufacturer of commercial vehicles – specifically heavy trucks and buses.

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Shell corporation

A shell company is a company that exists only on paper and has no office and no employees, but may have a bank account or may hold passive investments or be the registered owner of assets, such as intellectual property, or ships.

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Staggered elections

In staggered elections, not all places in an elected body are up for election at the same time.

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Stanford Law Review

The Stanford Law Review (SLR) is a legal journal produced independently by Stanford Law School students.

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Stock swap

A stock swap is a strategy used during a merger or acquisition of a company.

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Suicide pill

A suicide pill (also known as the cyanide pill, kill-pill, lethal pill, Death-pill, or L-pill) is a pill, capsule, ampoule, or tablet containing a fatally poisonous substance that a person ingests deliberately in order to quickly commit suicide.

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Takeover

In business, a takeover is the purchase of one company (the target) by another (the acquirer, or bidder).

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The New York Times

The New York Times (sometimes abbreviated as The NYT or The Times) is an American newspaper based in New York City with worldwide influence and readership.

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United Kingdom

The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain,Usage is mixed with some organisations, including the and preferring to use Britain as shorthand for Great Britain is a sovereign country in western Europe.

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United States

The United States of America (USA), commonly known as the United States (U.S.) or America, is a federal republic composed of 50 states, a federal district, five major self-governing territories, and various possessions.

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Vale Limited

Vale Canada Limited (formerly Vale Inco, CVRD Inco and Inco Limited; for corporate branding purposes simply known as "Vale" and pronounced in English) is a wholly owned subsidiary of the Brazilian mining company Vale.

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Voting plan

A voting plan or voting rights plan is one of five main types of poison pills that a target firm can issue against hostile takeover attempts.

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Wachtell, Lipton, Rosen & Katz

Wachtell, Lipton, Rosen & Katz is a law firm which operates out of a single office in New York City.

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Warrant (finance)

In finance, a warrant is a security that entitles the holder to buy the underlying stock of the issuing company at a fixed price called exercise price until the expiry date.

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White knight (business)

In business, a white knight is a friendly investor that acquires a corporation at a fair consideration with the support from the corporation's board of directors and management.

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Xstrata

Xstrata plc was an Anglo-Swiss multinational mining company headquartered in Zug, Switzerland and with its registered office in London, United Kingdom.

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Yahoo!

Yahoo! is a web services provider headquartered in Sunnyvale, California and wholly owned by Verizon Communications through Oath Inc..

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References

[1] https://en.wikipedia.org/wiki/Shareholder_rights_plan

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