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• A takeover defense under which a target firm repurchases through private negotiation a large block of stock at a premium from one or more shareholders to end a hostile takeover attempt by those shareholders.

• Situation in which a large block of stock is held by an unfriendly company, forcing the target company to repurchase the stock at a substantial premium to prevent a takeover.

 
 Embedded terms in definition
 Firm
Held
Hostile takeover
Hostile
Premium
Shareholders
Stock
Takeover
Target company
Target firm

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