Today's word: PAC-MAN DEFENCE
Theme for this fortnight: MERGERS & ACQUISITIONS
Theme for this fortnight: MERGERS & ACQUISITIONS
A strategy of
survival in the takeover game, named after a popular game in the US in the
early 1980s, in which a character which does not swallow its opponents is
itself consumed. In a typical Pac-man defence a target company in the takeover
bid will threaten to take over the acquirer and start buying its shares.
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