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Glossary > P > "Pac-Man strategy" Definition

Pac-Man strategy

Takeover defense strategy in which the prospective acquiree retaliates against the acquirers tender offer by launching its own tender offer for the other firm.

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Pac-Man strategy \ Takeover defense strategy in which the prospective acquiree retaliates against the acquirers tender offer by launching its own tender offer for the other firm.

Pac-Man strategy / takeover defense strategy in which the prospective acquiree retaliates against the acquirers tender offer by launching its own tender offer for the other firm.