A legal or structural tactic adopted by a company in order to protect it from being acquired by another company. Defenses may be used in conjunction with, or as a substitute for, ANTITAKEOVER LAWS. Also known as PORCUPINE PROVISION , SHARK REPELLENT. See also BLANK CHECK PREFERRED , POISON PILL , SCORCHED EARTH DEFENSE, STAGGERED BOARD .
Black’s Law Online Dictionary
