Hostile Takeover Defenses - White Knight or Pac Man

The video discusses two strategies to counter hostile takeovers: the white knight defense and the Pac-Man defense. The white knight defense involves the target company being acquired by a more favorable corporation instead of the hostile acquirer. The Pac-Man defense involves the target company attempting to acquire the hostile acquirer. Both strategies aim to protect the current board of directors, though they may not always align with shareholder interests.

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