Monday 30 September 2013

PAC-MAN DEFENCE

Today's word: PAC-MAN DEFENCE
Theme for this fortnight: MERGERS & ACQUISITIONS
 
A strategy of survival in the takeover game, named after a popular game in the US in the early 1980s, in which a character which does not swallow its opponents is itself consumed. In a typical Pac-man defence a target company in the takeover bid will threaten to take over the acquirer and start buying its shares.
 

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