Poison Pill means a security created or issued by a publicly traded corporation that precludes or limits a person or group of persons from owning beneficially or of record, or from exercising, converting, transferring, or receiving, the security on the same terms as other shareholders or which is intended to have the effect of diluting disproportionately from the shareholders generally the interest of the person or group of persons in the corporation or a successor to the corporation or otherwise discouraging the person or group of persons from acquiring beneficial ownership of shares of the corporation or a successor to the corporation. For the purposes of this subsection:
Poison Pill means any plan, agreement, rights, securities or instruments that are commonly referred to as a “poison pill” because they have the effect of diluting or otherwise discriminating against a particular “acquiring person” (or any similar term) by reason of such person’s ownership of a particular amount of Voting Securities.
Poison Pill means that certain amended and restated preferred shares rights agreement, dated as of July 31, 2017 and amended on February 20, 2019, by and between the Company and Securities Transfer Corporation (as rights agent).
Examples of Poison Pill in a sentence
Levitin, Purdue’s Poison Pill: The Breakdown of Chapter 11’s Checks and Balances, 100 TEX.
The Spread of the Poison Pill through the Intercorporate Network, 36 Admin.
Enjoining enforcement of the Nonredemption Provision of AMP's Poison Pill.
The Parties shall cooperate and proceed in good faith to (A) undertake due diligence with respect to the Company and its business; (B) engage in discussions with the Company regarding the Proposal; and (C) negotiate in good faith the terms of the Definitive Documents (including any waiver under the IRAs and the Poison Pill).
Prior to the Option Expiration Date, establish a "Shareholders Rights Plan" or "Poison Pill" or issue any securities in connection therewith.
More Definitions of Poison Pill
Poison Pill means the Partnership's Unit Purchase Rights Agreement with The First National Bank of Boston as Rights Agent, dated as of November 30, 1990, as amended.
Poison Pill means a security created or issued by a public corporation that
Poison Pill means the potential withdrawal of the SG Plan under the
Poison Pill or issue any securities in connection therewith.
Poison Pill means the potential withdrawal of the SG Plan under the conditions set forth in Section III.C.2.c. of the Plan.
Poison Pill. Any statutory provision, decision of the shareholders, measures of the board of management of the issuer, which grants special rights to certain shareholders or enhances already existing special rights, and which is capable of preventing or significantly impeding the takeover of the issuer by a third party.
Poison Pill has the meaning specified in the definition of “Key Action”.