antitakeover measure

antitakeover measure definition - business

antitakeover measure

An action by a firm's management to block or halt a takeover by another party. Examples of antitakeover measures include a fair-price amendment, staggered terms of office for directors, and a requirement for an increased number of affirmative votes from shareholders to approve a takeover.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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