DEAD HAND PROVISION
A stipulation on a defense mechanism (or poison pill) used by companies in order to protect against a merger or takeover by another company. The dead hand provision prevents the removal of the poison pill, a strategy used to discourage a hostile takeover, even if shareholders of the target company favor the takeover. A dead hand provision states that only the original directors who put the provision into place can dismantle the pill, so any new directors are prevented from interfering.
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Controlling Interest
High enough ownership percentage to impose changes or have legal control in a company. A single shareholder or a group of shareholder owns more tha ...
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08:00 | Economy Watchers Survey | Feb | |
08:00 | Economy Watchers Survey | Feb | |
09:00 | Industrial Production | Jan | |
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09:00 | Trade Balance | Jan | |
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