Corporate
Nov. 14, 2012
'Poison pills' used less often to block corporate takeovers, attorneys say
Fewer companies are using 'poison pills' to thwart corporate takeovers, attorneys say.
Daily Journal Staff Writer
In the past, when a private investor threatened a hostile takeover, many companies defended themselves with a "poison pill," a defensive maneuever that devalues a company's stock by increasing the amount of shares for each shareholder except the potential buyer.
But recently - after nearly 30 years of popularity - the tack has been losing ground to other strategies.
Some corpora...
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