• 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.
Practical Advice for Everyone on How to Save and Manage Money: No matter how old or young you are, there are some basic things you can do to better manage and protect your money. Here are recommendations from FDIC Consumer News. More...
A real friend is one who walks in when the rest of the world walks out. - Walter Winchell