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Macaroni defense
A tactic used by a company as defense against a hostile takeover bid involving the issue of a large number of bonds that must be redeemed at a higher value if the company is taken over.It is called a 'macaroni defense' because the bonds' redemption price is said to expand like macaroni when cooked.
Macaroni defense
A tactic used by a corporation that is the target of a hostile takeover bid involving the issue of a large number of bonds that must be redeemed at a higher value if the company is taken over.
Macaroni defense
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