Poison Pill definition

Poison Pill means the Existing Shareholder Rights Plan, the Reorganization Rights Plan (in each case, as defined in the Equity Commitment Agreement) or any subsequent plan, agreement, rights, securities or instruments that are commonly referred to as a “poison pill” because they have the effect of diluting or otherwise discriminating against a particular “acquiring person” (or any similar term) by reason of such person’s ownership of a particular amount of Voting Securities.
Poison Pill means a security created or issued by a publicly traded corporation that precludes or limits a person or group of persons from owning beneficially or of record, or from exercising, converting, transferring, or receiving, the security on the same terms as other shareholders or which is intended to have the effect of diluting disproportionately from the shareholders generally the interest of the person or group of persons in the corporation or a successor to the corporation or otherwise discouraging the person or group of persons from acquiring beneficial ownership of shares of the corporation or a successor to the corporation. For the purposes of this subsection:
Poison Pill means that certain amended and restated preferred shares rights agreement, dated as of July 31, 2017 and amended on February 20, 2019, by and between the Company and Securities Transfer Corporation (as rights agent).

Examples of Poison Pill in a sentence

  • Levitin, Purdue’s Poison Pill: The Breakdown of Chapter 11’s Checks and Bal- ances, 100 Tex.

  • No Poison Pill We do not have a stockholder rights plan (commonly referred to as a "poison pill").


More Definitions of Poison Pill

Poison Pill means the Partnership's Unit Purchase Rights Agreement with The First National Bank of Boston as Rights Agent, dated as of November 30, 1990, as amended.
Poison Pill or issue any securities in connection therewith.
Poison Pill means the potential withdrawal of the SG Plan under the
Poison Pill. Any statutory provision, decision of the shareholders, measures of the board of management of the issuer, which grants special rights to certain shareholders or enhances already existing special rights, and which is capable of preventing or significantly impeding the takeover of the issuer by a third party.
Poison Pill means a security created or issued by a public corporation that
Poison Pill means any plan or arrangement of the sort commonly referred to as a “stockholder rights plan” or “shareholders rights plan” or “poison pill” or any other similar plan, instrument or device that is designed to prevent or make, or has the effect of preventing or making, more difficult a hostile takeover of the Corporation, including by increasing the cost to a potential acquirer of such a takeover either through the issuance of new rights, shares of common stock or preferred stock or any other security or device that may be issued to stockholders of the Corporation other than all stockholders of the Corporation that carry severe redemption provisions, favorable purchase provisions or otherwise.
Poison Pill means the shareholder rights plan adopted on or about March 16, 1997 by the board of directors of Merfin subject to TSE approval and ratification by Merfin's Shareholders.