What Does Shark Repellent Mean?

Business & Management
#1

A slang word for any of a range of steps used by a firm to ward off an unwelcome or hostile takeover attempt is shark repellent. In many situations, a business will adopt specific modifications to its charter or bylaws that take effect only when a takeover attempt is publicized or submitted to shareholders, with the objective of making the acquisition less appealing or lucrative to the acquisitive corporation.