Flip-over Poison Pill Plan

Flip-over Poison Pill Plan is a term used in share market for the most popular type of poison pill anti-takeover defense. Shareholders of the target firm are issued rights to purchase common stock at an exercise price high above the current market price. If a merger occurs, the rights flip over and allow shareholders to purchase the acquiring firm’s common stock at a substantial discount.

Nearby pages
Flipper, Float, Floater, Floating Islands, Floating rate coupon