What is the meaning of the word "pac-man strategy"?
It is one of several defensive strategies a company may employ when faced with an unwelcome takeover bid, alongside others such as the poison pill, white knight, or golden parachute strategies.
Definitions:
-
A defensive tactic used by a company that is facing a hostile takeover attempt.
NOUN
- Faced with a hostile takeover, the company's board decided to employ the Pac-Man strategy, turning the tables on their aggressor by attempting to acquire them instead.
- Faced with a hostile takeover, the company's board decided to employ the Pac-Man strategy, turning the tables on their aggressor by attempting to acquire them instead.