SCORCHED-EARTH DEFENSE

By admin | November 30, 2022

scorched-earth defense.Corporations. An antitakeover tactic by which a target corporation

sells its most valuable assets or divisions in order to reduce its value after acquisition and thus try

to defeat a hostile bidder’s tender offer. Cf. CROWN-JEWEL DEFENSE; PAC-MAN DEFENSE. [Blacks Law 8th]

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