dead hand poison pill

dead hand poison pill definition - business

dead hand poison pill

A special type of poison-pill antitakeover defense in which only ousted directors can rescind the poison pill. Poison-pill plans are put in place in order to make a hostile takeover prohibitively expensive by issuing a huge number of new shares.

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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