TERMIUM Plus®

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OPA INITIATEUR [1 record]

Record 1 2010-06-07

English

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

Takeover defence strategy in which the prospective acquiree retaliates against the acquirer's tender offer by launching its own tender offer for the other firm.

OBS

The Pac-Man strategy is named after a popular video game of the early 1980s, in which each character that does not swallow its opponents is itself consumed.

French

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

Technique anti-OPA utilisée par une société visée par une offre publique d'achat hostile, qui consiste à initier à son tour une offre publique sur l'initiateur de l'offre hostile.

Spanish

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