Jonestown Defense

Jonestown Defense

The Jonestown defense is an extreme corporation defense against hostile takeovers. In this strategy, the target firm engages in tactics that might threaten the firm’s existence to thwart an imposing acquirer’s bids. This is also known as a “suicide pill”, and is an extreme version of the poison pill.

The term refers to the 1978 Jonestown mass suicide in Guyana, where Jim Jones led the members of the Peoples Temple (a religious cult) to kill themselves.

ee also

* Mergers and Acquisitions
* Industrial organization


Wikimedia Foundation. 2010.

Игры ⚽ Нужен реферат?

Look at other dictionaries:

  • Jonestown Defense — A defensive strategy by which the target company engages in an activity that might actually ruin the company rather than prevent the hostile takeover. Also known as a suicide pill. The term refers to the 1978 Jonestown massacre, where a religious …   Investment dictionary

  • Jonestown defense — An extreme defensive tactic employed by the management of a target corporation to prevent a hostile takeover. The defensive tactics are so extreme that they typically lead to the destruction of the target corporation. Bloomberg Financial… …   Financial and business terms

  • Jonestown — For other uses, see Jonestown (disambiguation) …   Wikipedia

  • Takeover — This article is about the business term. For Takeover, see Takeover (disambiguation). For the science fiction series, see Hostile Takeover Trilogy . In business, a takeover is the purchase of one company (the target) by another (the acquirer, or… …   Wikipedia

  • Suicide pill — This article is about the literal meaning. For the use in economics, see Poison pill. A Cyanide pill (also known as a Kill Pill or lethal pill) is a pill, capsule, ampoule or tablet containing a fatally poisonous substance that a person ingests… …   Wikipedia

  • Suicide Pill — A defensive strategy by which a target company engages in an activity that might actually ruin the company rather than prevent the hostile takeover. Also known as the Jonestown Defense. This is an extreme version of the poison pill …   Investment dictionary

  • политика выжженной земли — Метод, используемый компанией, которая стала целью попытки поглощения (takeover), для того, чтобы сделаться менее привлекательной для покупателя. Например, она может согласиться на продажу наиболее привлекательных частей своего бизнеса,… …   Финансово-инвестиционный толковый словарь

  • Mark Lane (author) — Mark Lane (born February 24, 1927) is an American lawyer who has written many books, including Rush to Judgment, one of two major books published in the immediate wake of the John F. Kennedy assassination that questioned the conclusions of the… …   Wikipedia

  • Harvey Milk — Infobox Officeholder name = Harvey Bernard Milk imagesize = 225px caption = American politician and LGBT rights activist office = Member of the San Francisco Board of Supervisors from District 5 term start = January 8, 1978 term end = November 27 …   Wikipedia

  • Dover Air Force Base — Part of Air Mobiity Command (AMC) Located near: Dover, Delaware …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”