flip-in pill

flip-in pill definition - business

flip-in pill

A type of poison pill in which shareholders of a company that has become the target of a takeover are permitted to purchase additional shares of the target firm at a steep discount. The effect is to increase the per-share cost and decrease the likelihood of a hostile 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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