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SHARK REPELLENT AMENDMENT [1 record]

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Alphabetical list of terms

Record 1 2012-12-12

English

Subject field(s)
  • Commercial Law
  • Amalgamation and Partnerships (Finance)
CONT

Certificate amendments that require a specific shareholder vote are called shark repellent amendments. Drafters of early shark repellent amendments designed them to retard the ability of someone with newly acquired voting power from taking control of the firm's board of directors.

OBS

shark repellent amendment: term usually used in the plural.

Key term(s)
  • shark repellent amendments

French

Domaine(s)
  • Droit commercial
  • Fusion, absorption et coparticipation (Finances)
DEF

Changement apporté aux statuts ou aux règlements administratifs d'une société visant à décourager une éventuelle offre publique d'achat.

Spanish

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