Poison Pill

In: Business and Management

Submitted By tracy0iverson
Words 1428
Pages 6
POISON PILL STRATEGIES
Poison pill strategies are defensive tactics that allow companies to thwart hostile takeover bids from other companies. Many companies may find themselves unprepared when facing such bids. By adopting a poison pill strategy, a company can be somewhat reassured that acquiring companies will approach its board of directors, not the shareholders. Poison pill strategies are also known as shareholders' protection rights plans.
HISTORY
During the late 1950s and early 1960s, several large corporations began acquiring other companies to diversify their operations. Diversification allowed them to offset their losses in a failing industry with profits from other unrelated, successful industries. Such phenomena caused concerns about the potential of conglomerates to concentrate excessive economic power in the hands of a few corporations. This led to the passage of the Williams Act in 1968, which required the acquiring company to fully disclose the terms of an impending acquisition and to allow a period for competing offers for the target company to be made. By the late 1970s, the pace of acquisition nearly came to a halt. In 1982, however, the U.S. Supreme Court passed a landmark ruling in the case of Edgar v. MITE Corp. that invalidated the basis for anti-takeover laws in thirty-seven states. Furthermore, under the Reagan administration, the U.S. Department of Justice followed a lax policy towards enforcing anti-takeover laws. No longer able to shelter themselves against unfriendly takeover bids, many companies opted to devise anti-takeover strategies. At that time there was a significant increase in poison pill adoptions. However, in light of recent corporate scandals and an overall perception of poor corporate ethics poison pills began to show a decline between 2002 to 2004.
TYPES OF POISON PILL STRATEGIES
"FLIP-OVER" RIGHTS PLAN.
Most poison…...

Similar Documents

Coca Gift or Poison

...Coca: a gift from Mother Earth or poison for the body and madness for the mind. For the people of the Andean region of Bolivia and Peru, the growing and chewing of the coca leaf is a part of everyday life. It is not unusual for these people to chew coca leaves or drink coca tea in much the same way that people in the western world might drink a cup of tea or coffee. The problem comes in separating the traditional everyday use of a mild stimulant with its much stronger and highly addictive alter ego, cocaine. Indeed, it could be argued that cocaine is truly “poison for the body and madness for the mind”, but should this misuse of a valuable commodity justify the complete eradication of the coca plant? Or is the coca plant a gift from Mother earth, to be cherished and appreciated? The following pages shall compare and contrast the pros and cons of the coca plants controversial existence in an attempt to gain a greater understanding of this dilemma. The opposing sides of the argument and their standpoints shall be identified. The difficulty in differentiating coca from cocaine will be examined. A comparison of the health benefits of coca verses the negative impacts of cocaine shall be made. The economic importance of the coca plant in the Andean region scrutinised. Firstly, we must identify the two sides of this argument. The Andean people believe that coca is a gift from mother earth and an integral part of their culture and way of life. The United Nations......

Words: 2096 - Pages: 9

Treating Various Poison

...If the person has no symptoms but has taken a potentially dangerous poison, you should also call a poison control center or go to the nearest emergency department for an evaluation. Poison is anything that kills or injures through its chemical actions. Most poisons are swallowed. But poisons can enter the body in other ways: By breathing , Through the skin, By IV injection, From exposure to radiation, or Venom from a snake bite. There are many different poison and there is a way for treating many of them. If you exposed areas with rubbing alcohol next, wash the exposed areas with water only, take a shower with soap and warm water, lastly put gloves on and wipe everything you had with you, including shoes, tools, and your clothes, with rubbing alcohol and water.are exposed, according to the FDA, you should quickly (within 10 minutes), you should first, cleanse Treatment of poisonous snake bites involves thorough cleansing of the wound and observation of the victim to determine whether symptoms suggestive of evenomation develop over time. In most cases of poisonous snake bites, an antivenin is given, preferably by intravenous administration. For rattlesnake, cottonmouth, and copperhead bites, Antivenin Polyvalent (ACP) equine derived antivenin was the standard treatment in emergency departments for many years. ACP, however, is known to cause a number of potentially severe allergic reactions because of its equine origin. In 2000 the U.S. FDA approved the sheep-derived......

Words: 608 - Pages: 3

Poison

...and retile feces are strong and popular sources of salmonella. Salmonella can also live in eggs, soil, and water. Salmonella is typically pronounced /sælməˈnɛlə/, not /sæməˈnɛlə/, since it is named for pathologist Daniel Elmer Salmon who, like most bearers of his surname, pronounced it with an [l].[citation needed] http://en.wikipedia.org/wiki/Salmonella The most common way salmonella can be transferred is through raw or undercooked meat. Salmonella can also be transferred to humans through unwashed fruits, nuts & vegetables. Some athletes drink raw eggs. That could be a source of contamination for salmonella. Touching human or animal feces can cause salmonella poisoning. Not washing your hands before handling food, can transfer the poison. While cooking, it can be transferred by using the same cutting board or cooking utensils for raw and cooked meats. Not washing your hands while handling different types of food can transfer the bacteria as well. Contamination can come from animal or human feces during processing or harvesting. The soil in which some crops grow can be contaminated as well. Milk that hasn’t been pasteurized can contain salmonella. There are news reports all the time of things being recalled because of contamination. The majority of the time it’s either meat, dairy or vegetables such as lettuce or cabbage. In July of 2012, there was a recall on almost 30,000 pounds of ground beef. About 33 people in 7 states got sick. The outbreak was discovered by......

Words: 553 - Pages: 3

Poison Pills

...[1] Please descirbe the purpose of First-Generation Poison Pills; Second- Generation Poision Pills and Third Gereration Posion Pills. [2] Impact of Poision Pills on Stock Prices. [3] List the Preliminary Takeover Steps: a) Bidding Strategies b) Casual Pass c) Bear Hugs [4] What is Tender Offers Throughout the years many acquisitions have been hostile, which has led to companies to creative preventative and defensive takeover methods. Preventative is used as a way to reduce the likelihood of a takeover, and defensive measure (active measures) are used afer a hostile bid has been issued. Keeping the company successful with shares at a high cost prevents short-term gain takeover. There are two hypothesis that explain the impact on management and stockholders during a hostile takeover. Management Entrnechment hypothesis states that nonparticipating stockholders experience a reduction in wealth when management tries to stop a takeover, where Shareholders interests hypotheiss states that stockholders’ wealth rises when management prevent takeover. Companies today monitor it’s shareholders and the percentage that they own as a way to foresee a potential hostile takeover. Many companies even sell and provide their employees with shares because they are more likely to oppose a takeover, whereas an investor shareholder will more likely to favor a takeover. When an increase of trading occurs, the company gets a......

Words: 1065 - Pages: 5

Diet Pills

...sometimes un-healthy alternative: diet pills and supplements. Over the counter (known as OTC) diet pills and supplements are a savior and a demon in the same breath. They both have positive and negative effects on the body, both long term and short term. These same supplements can also cause damage to your mental and physical state if not taken properly and with consideration. Sadly, the negative will outweigh the positive in the end, these pills and supplements will prove to be more damaging in long term usage. Although there are negative side effects of both OTC diet pills and supplements, there are positive short and long term effects as well. For years people have been flash dieting, trying to shed a few pounds quickly and thus resort to a magic pill that has an urban myth that you will drop the weight in no time, with no work. However, this just isn’t so but they do have right now benefits that the user may favor temporarily. Usually these diet pills also known as diuretics, can cause you to lose a quick 2-7 pounds within a week or two. How is this done you ask? The first few pounds are water weight. It looks on the scale but in actuality, it has dehydrated your body and deprived it of much needed water. This can be counteracted by constant hydration. You will still lose the weight but at a slower pace. Most people will notice an increase in energy, a happier disposition and over just a better day. This is because most diet pills contain a form of Caffeine. Which......

Words: 964 - Pages: 4

Pill and Exercise

...allergic reactions. Also, they are usually very expensive. So basically in order to lose weight and get healthy, you have to put yourself at risk of other health problems and put a hole into your savings account. Alli is the most popular diet pill, it has a weird uncommon side effect that can cause other health problems. Hydroxy Cut and Hoodia Gordonii are just a few among the several different pill types. Alli (Orlistat) is the most popular diet pill on the market, ranging from $50.00 – S60.00. Alli is approved by the Food and Drug Administration (FDA), but so are many other drugs and foods. http://www.ask.com/wiki/Orlistat, Orlistat (also known as tetrahydrolipstatin) is a drug designed to treat obesity. It is marketed as a prescription under the trade name Xenical by Roche in most countries, and is sold over-the-counter as Alli by GlaxoSmithKline in the United Kingdom and the United States. Its primary function is preventing the absorption of fats from the human diet, thereby reducing caloric intake. It is intended for use in conjunction with a healthcare provider supervised reduced-calorie diet. Alli has several negative and positive effects to the human body. Some negatives are greasy stool, diets high in fat while taking the pill, will allow Alli to separate the fats. http://www.medicinenet.com/orlistat-oral/page2.htm#SideEffects, Fatty/oily stool, oily spotting, intestinal gas with discharge, a feeling of needing to have a bowel movement right away, increased......

Words: 1283 - Pages: 6

If Poison Gas Can Go

...If Poison Gas Can Go, Why Not Nukes? Summary James Carroll’s “If Poison Gas Can Go, Why Not Nukes?” is a rally for readers to support the elimination of nuclear weapons from acceptable military arsenal just like poison gas was banned. The author believes that just like chemical weapons were developed, used successfully in war and eventually abandoned so will nuclear weapons. Carroll believes that nuclear weapons are dangerous and can be used for enormous destruction. The author builds his arguments from a historical perspective. At the beginning of the 20th century when scientists were experimenting with new weapon technology, “poisonous weapons” were developed (Carroll 1). The world reacted by outlawing these weapons through the Hague Convention in 1907. However, this did not stop countries from developing and using chemical weapons in war. Germany and Britain used asphyxiating gas in World War I. While there were less than 100,000 casualties fewer than the millions cause by conventional military weapons, the chemical weapons still cause great concern in Europe. The author identifies a group of people he terms as “realists”. They represent strong opposition against the banning of effective military weapons. The realists were opposed to the abolition of the use of military weapons in the 1900s and are also against the abandonment of nuclear armament. The realists’ main argument is that nowhere in history have effective weapons been abandoned because the......

Words: 1223 - Pages: 5

The Pill

...The Pill Ever since Mr. Mac in first grade told my parents that I should be tested for ADHD, my life had completely changed. I had been diagnosed at the age of seven. I had ADHD. I felt different, yet I was the same person. The doctors experimented with different types of medicines on me to figure out which one suited me best. I started off on simple Methylphenidate, which is commonly known as Ritalin. Then I moved to Adderall, which at the time was brand new and was not fully developed as a drug yet. Then along came The Pill. I did not know it yet but Concerta was soon to be personified and my nemesis. I have never liked my medication; in fact it was always a struggle for me to take my pill. It made me feel different, zombie like, like I was running on autopilot and The Pill was in control. It was always down to my parents forcing me to take it. The Pill became a dreaded daily task. My parents would always remind me and pester me about it as if it was a solution to my life. I however liked to think I could do it on my own without my medicine. The Pill became a person to me, it became my enemy. After first grade, my Dad got a new job in Michigan and we moved during the summer. It was there on a mild summer day in June of 2001, in the Town of Brighton where I met my first best friend. Shelby was special; she had some kind of charm to her that could make anyone happy. From second grade to fifth grade, Shelby taught me that I was a normal kid, that I wasn’t different......

Words: 1485 - Pages: 6

Poison Snakes

...which often does not heal for several months. It is important to start treatment within 24 hours of bite in order to minimize the size of the ulcer or crater. Therefore, a Desert Recluse spider bite victim should be evacuated to the hospital as soon as a bite is confirmed, or even suspected. This is an example of a bite taken at various stages of treatment. Day 3 Day 6 Day 9 Day 10 CENTIPEDES There are many species of Centipedes of different sizes and colors and they may be found almost everywhere. In our desert they are most often seen at night after summer rains. Centipedes are segmented; worm like creatures that possess well developed poison glands for killing their prey. These glands are at the base of the first pair of legs, which arch forward to function with the mouth when biting. The body of the centipede is made up of a distinct head and 150 to 170 or more similar body segments. Each body segment has one pair of jointed legs. Centipedes bite man only in self-defense, as when threatened. The bite is painful, much like the sting of a bee, but otherwise it is not serious. For treatment, use cold compresses. Symptoms of the bite usually disappear within 24 hours if the bite does not become infected....

Words: 1187 - Pages: 5

A Poison from the Future

...Ariana Timbol 1/29/2014 English 121 A Poison from the Future With Great powers comes with great responsibility as people use technology in their everyday life. Back in the days, people wrote to each other letters and that could take about a good few weeks to receive it and reply back or longer. Today, we have been gifted with social media such as Facebook, Twitter, Tumblr, and other places for friends and family to chat on. Is social media really a gift or is it a curse? Who needs to interact with people in real life when you can just stay home for up to 10 hours a day during your weekends thanks to social media. Afraid of facing someone who spread rumors about you, just simply talk about them on the social media networks and there you go ruining someone's life even though the rumors about you might not be true. Social media today is looked at as something amazing and incredible for everyone to use in today's society, but underneath the amazing and colorful page are small networks filled with nasty secrets, harsh gossip, and photos not meant for the eyes especially your eyes. You decided to surf through the internet to find an image of what you're looking for and you find something that you did not expect to see; an image that probably scarred you and your eyes. You think that social networks are private, but once you or someone else submits an embarrassing photo of you without your permission, everyone will see it. People may have settings to keep things private, but...

Words: 582 - Pages: 3

Pill Usage of Yaz

...many forms, pills, condoms or injections. One birth control pill is known as Yaz (drospirenone/ethinyl estradiol tablets). It is a popular pill, nearly as 100+ million women been asking it since, 2006. It was made by Bayer, and became popular through its commercial ads. The cost of Yaz us reasonably a fair price, $20-$50. Yaz also cause changes in your cervical and uterine lining, making it harder for sperm to reach the uterus and harder for a fertilized egg to attach to the uterus. Yaz is one of the most trust worthy birth control pill there is out there. When it comes to pill, the active ingredient is water, so it could disperse and enter the blood stream. With every positive, not becoming pregnant, there is always a negative. In this case they are side effects. These include sudden numbness or weakness, especially on one side of the body; * sudden and severe headache, confusion, problems with vision, speech, or balance; * chest pain or heavy feeling, pain spreading to the arm or shoulder, nausea, sweating, general ill feeling; * sudden cough, wheezing, rapid breathing, coughing up blood; * pain, swelling, warmth, or redness in one or both legs; * a change in the pattern or severity of migraine headaches; * nausea, upper stomach pain, itching, loss of appetite * swelling in your hands, ankles, or feet; * a breast lump; symptoms of depression Yaz isn’t just for everyone, it is prescribed by the doctor, like most birth control pills......

Words: 351 - Pages: 2

Steven Brill Bitter Pill

...U.S Health Care Systems Professor Asi [HSA 3111] Assignment #2 – Bitter Pill Reading up on Steven Brill's TIME magazine article Bitter Pill has been a very informative and great read on the current standings of the healthcare industry. Before listening to Brill and the new healthcare reform under ObamaCare, I was under the assumption that the Unites States government was doing all they could to keep healthcare costs to a minimum. I was sadly mistaken. In all 25,000+ words Steven Brill assigned to the topic of price gouging in U.S. healthcare, he covered all the aspects of why the healthcare bills are so high. He left no stone unturned, shed perspective and exposed the current healthcare system as a corrupted and inevitable, multi-billion dollar organization that has the power to impose any dollar amount for services provided, due to its monopolistic structure. Healthcare is its own economy, where taxpayers assume the cost of "affordable care for all", while the CEOs and political lobbyists of hospitals and pharmaceutical companies are generating incredible profit margins. I definitely agree with the overall viewpoint of Steven Brill. His stand on healthcare has shed a whole new perspective for me. Our healthcare system has capitalized on the fears of Americans getting sick or injured, because they know the value of life, and if you could put a price on it, it would be extremely high. It almost getting held up at gunpoint every time you enter a hospital, the assailant...

Words: 867 - Pages: 4

Buyer Beware - Poisons in the Home

...(Roundup, Spectracide, Ortho) on hand. These are considered “everyday” products used by most homeowners to kill bugs and weeds. They have all been approved by the Environmental Protection Agency (EPA) as safe for use by the general public. They are sold by large retailers as well as smaller local vendors. Based on those two factors, it is a common – but dangerous - assumption that these chemicals must be safe for use. But – “Buyer Beware!” Household pesticides and herbicides contain hidden ingredients that are not provided on the product labels. Under the current laws, manufacturers do not have to divulge all of the ingredients that are used in the production of a pesticide or herbicide. Many of these unidentified ingredients are poisons that could be potentially hazardous to adults and children alike. It is crucial that the labels on these products contain a complete list of the ingredients, as well as any potential hazards. Consumers have a right to this information in order to be able to make informed decisions. There are two categories of ingredients listed on the labels of these products – active and inert. The active ingredients in these products are regulated by the EPA. Active ingredients are those that directly affect the target pest. They must be listed on each container. Problem solved – Right? Wrong. There are additional (inert) ingredients that manufacturers mix with the active ingredients in order to improve the effectiveness of the active......

Words: 1563 - Pages: 7

Sleeping Pills

...Running head: BENEFITS OF SLEEP MEDICINE Benefits of Sleeping Pills May Outweigh the Harm Andrew V. Pham Georgia Perimeter College Abstract The article, “The Case for Sleep Medicine” published by The New York Times, discusses the issue of many Americans' dependence on sleep medicine by thoroughly explaining the effects of sleep deprivation, the risks of relying on these medicine, and the significance of natural sleep to maintain a healthy lifestyle. Gayle Green, the author of this article, states that sleep deprivation has caused many Americans to rely on sleeping pills to obtain enough sleep to function appropriately for work and other activities. This paper examines a study in the BMJ journal that discusses the risks of sleeping pills, and a research administered by researchers from the University of Chicago that depicts the negative effects of sleep deprivation. The article effectively uses these studies and research results to illustrate the many mental and physical complications that result from taking sleep medicine continuously for a period of time, but it seems as though many individuals are willing to accept the increase of risky body malfunctions rather than to lose sleep. Benefits of Sleeping Pills May Outweigh the Harm Sleep is fundamental for survival. It is the body's natural way of restoring itself from daily mental and physical activities. For young adolescents, adequate sleep leads to improved development in the brain and bodily growth....

Words: 1149 - Pages: 5

Top Ten Poisons

... | |Rosales, Aileen L. | |Rosaura, Franz D. | |Roxas, Marie Florence S. | |Rubio, Hannah Alexis O. | |Rugay, Jesus Emmanuel R. | February 1, 2012 POISONING Poisons are substances that cause disturbances in living organisms and do so by some biologic or chemical reaction in nature. For decades, the use of different substances for various applications lead to the discovery of potential toxic substances that may have caused injurious effects. Poisoning commonly occurs thru ingestion and usually, it was unintentional. Acute toxicity is the single exposure or multiple exposures for short periods to the substance causing the injury. Symptoms may be rapid and are in close relation to the toxic agent. On the other hand, chronic toxicity are caused by repeated or multiple exposure for longer periods to the poison. Signs and symptoms of chronic toxicity may appear even after several years upon the initial exposure. ADULT TOP TEN TOXICITIES 1. CAUSTICS Caustics are strong acids and alkali that when ingested can cause tissue injury by chemical reaction. They damage the tissues by accepting a proton (alkaline substance) or donating an proton (acidic substance) in an aqueous solution. In aqueous solutions, the......

Words: 5039 - Pages: 21