Financial and business terms

MACARONI DEFENSE

macaroni defense: translation

A tactic used by a corporation that is the target of a hostile takeover bid involving the issue of a large number of bonds that must be redeemed at a higher value if the company is taken over.Bloomberg Financial Dictionary

  1. macaroni defense—Macaroni Defense translationAn approach taken by a company that does not want to be taken over. The company issues a large number of bonds with the condition they must be...Investment dictionary
  2. macaroni defense—фин. упр. амер. макаронная защитаu тактика предотвращения враждебного поглощения заключающаяся в выпуске облигаций которые в случае поглощения компании должны будут погаш...Англо-русский экономический словарь