ShmoopTube
Where Monty Python meets your 10th grade teacher.
Search Thousands of Shmoop Videos
Board of Directors Videos 111 videos
What are Passive Investing and Passive Investors? Passive investing and passive investors are ones who opt to ride the market out over the long ter...
When a bond is secured, it means it's protected, i.e. there are assets that would be forfeited if repayment is not made. When it's unsecured... it'...
Power of attorney refers to the authorization to conduct business on legal and financial matters on behalf of another party. So...choose wisely.
Finance: What is a Pac Man Defense? 21 Views
Share It!
Description:
A Pac-Man defense is a strategy for defending against a hostile takeover. Or...against unwelcome houseghosts.
- Social Studies / Finance
- Finance / Financial Responsibility
- College and Career / Personal Finance
- Life Skills / Personal Finance
- Finance / Finance Definitions
- Life Skills / Finance Definitions
- Finance / Personal Finance
- Courses / Finance Concepts
- Subjects / Finance and Economics
- Finance and Economics / Terms and Concepts
- Terms and Concepts / Accounting
- Terms and Concepts / Banking
- Terms and Concepts / Board of Directors
- Terms and Concepts / Company Management
- Terms and Concepts / Company Valuation
- Terms and Concepts / Entrepreneur
- Terms and Concepts / Investing
- Terms and Concepts / Metrics
- Terms and Concepts / Regulations
- Terms and Concepts / Stocks
Transcript
- 00:00
Finance a la shmoop what is a pacman defense?
- 00:05
[Pacman eating] yeah well wacka wacka to you too...Hostile takeovers are rare in real life not so
- 00:12
rare in pac-man but when they do happen there exists a whole cadre of strategies
- 00:17
behind defending them at least from the company's perspective being taken over
- 00:21
there and pac-man defense is inarguably the best named strategy of all of
Full Transcript
- 00:27
them in essence what happens when we'll say an angry competitor let's call him
- 00:32
blinky Inc tries to buy an angrier competitor let's call them inky inc.
- 00:38
well blinky would be buying shares of inky in the open marketplace filing to [Blinky and inky appear]
- 00:44
go past 15% ownership and eventually own enough shares to elect its own Board of
- 00:49
Directors and make a takeover happen well in a Pac Man defense as blinky is
- 00:54
snarfing up shares of inky, inky buys shares of blinky sort of turning the
- 01:00
tables you know like this and while you're gobbling up that competition and [Pacman gobbling competition]
- 01:04
don't forget to eat a bunch of cherries or a strawberry every once in a while
- 01:07
because you know you still need your fruits and veggies
Related Videos
GED Social Studies 1.1 Civics and Government
What is bankruptcy? Deadbeats who can't pay their bills declare bankruptcy. Either they borrowed too much money, or the business fell apart. They t...
What's a dividend? At will, the board of directors can pay a dividend on common stock. Usually, that payout is some percentage less than 100 of ear...
How are risk and reward related? Take more risk, expect more reward. A lottery ticket might be worth a billion dollars, but if the odds are one in...