Definition of "antitakeover" []

• Of, relating to, or constituting measures or statutes intended to prevent acquisition of a target company by another company hostile to the target's management. (adjective)

American Heritage(R) Dictionary of the English Language, Fifth Edition. Copyright (c) 2011 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

• "One major wild card in a possible deal is activist investor Ronald Burkle , who has a 19.74% stake, just below the 20% threshold at which Barnes & Noble's "poison pill" antitakeover provision kicks in."
• "The company recently adopted a poison-pill antitakeover provision, and Mr. Biglari launched a proxy fight to get himself elected to the board."
• "Mr. Icahn said the offer is conditioned on completion of due diligence, and the waiver of antitakeover devices, such as the poison pill."