Pac Man

What Does Pac Man Mean?
A form of defense used in a hostile takeover situation. The target firm turns around and tries to take over the company that has made the hostile bid.

Investopedia explains Pac Man
Just think - all those years of playing Atari games could save a company someday.

Related Terms

Greenmail
Hostile Takeover
Lobster Trap
Macaroni Defense
People Pill
Poison Pill
Shark Repellent
Sleeping Beauty
Suicide Pill
Target Firm
More Related Terms

Related Links

How do companies use the Pac-Man defense?
The Wacky World of M&As - Do you want your company to sandbag or greenmail? Welcome to the dramatic world of mergers and acquisitions.
The Basics Of Mergers And Acquisitions - Learn what corporate restructuring is, why companies do it and why it sometimes doesn't work.
The Advantages Of Investing In Aggressive Companies - Often the most attractive companies are also a little fierce - learn how to spot healthy corporate aggression.
What happens to the stock prices of two companies involved in an acquisition?

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