3 ms·
As far as I know it has never been done in practice but is sure seems like it would have a huge amount of fallout for existing shareholders. Would the board act
by spikels 4y ago
As far as I know it has never been done in practice but is sure seems like it would have a huge amount of fallout for existing shareholders. Would the board actually pull the trigger knowing this? On the other hand poison pills are widely used and have generally been considered a credible defense.
- tptacek 4y agoThey don't have to pull the trigger; it's already set up. These triggers never get pulled because it's irrational for a hostile acquirer to play chicken with them; it's like playing chicken with a brick wall.