Search
 

Popping Pills

Hostile takeovers haven't gone away just because credit is tighter and markets are down. Companies need to use this lull to consider strategies to protect them and shareholders against bad deals

By Duncan Wood | Updated on February 01, 2008

A surge in the number of hostile takeovers in the first half of last year sent companies scurrying to their lawyers, looking for ways to ward off would-be raiders. “We’re having a lot of conversations with companies who want to know what they can do if they get an approach from someone and don’t want to be taken over,” says Soren Lindstrom, a partner in the corporate practice with law firm Baker Botts LLP in Dallas. “It’s very much on people’s minds.”

The harsh reality: It’s not as easy to mount a corporate defense as it used to be. Activist shareholders have been busy tearing down formerly commonplace tools of the trade, like poison pills and staggered boards,

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

Treasury & Risk

Join Treasury & Risk

Don’t miss crucial treasury and finance news along with in-depth analysis and insights you need to make informed treasury decisions. Join Treasury & Risk now!

  • Free unlimited access to Treasury & Risk including case studies with corporate innovators, informative newsletters, educational webcasts, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM publications including PropertyCasualty360.com and Law.com.

Already have an account? Sign In Now
Join Treasury & Risk

Copyright © 2024 ALM Global, LLC. All Rights Reserved.