HONGKONGDIR

HOMECompaniesDictionaryFAQs

Home » Dictionary » Mergers&Acquisitions » macaroni defense

Macaroni Defense

Definition
Anti-hostile takeover technique in which a potential-target firm issues a large number of bonds with a very high discount on the redemption value provided the firm is taken over. Its name comes from the allusion that the cost of a hostile takeover expands several times, like macaroni does when cooked.

Nearby Terms
Similar companies
Copyright © 2013 hongkongdir.com All Rights Reserved.
Provides public information about companies in the Hong Kong.