Financial Dictionary

This dictionary contains:
24549
financial terms

Pac Man strategy




Pac Man strategy

Takeover defense strategy in which the prospective acquiree retaliates against the acquirer's tender offer by launching its own tender offer for the other firm.

RELATED TERMS
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Takeover
The acquisition of one company by another.

Strategy
The general or specific approach to investing that an individual, institution, or fund manager employs.

Acquiree
The surplus acquired when a company is purchased in a pooling of interests combination, i.e. the net worth not considered to be capital stock.

Tender
To offer for delivery against futures.

Offer
1) A bid. 2) An amount offered. 3) To propose something that can be accepted or refused.

Firm
1) Refers to an order to buy or sell that can be executed without confirmation for some fixed period. 2) A synonym for company.



SIMILAR TERMS
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PAC bond
Stands for Planned Amortization Class bond. A tranche class offered by some CMOs that has a sinking fund schedule and an ability to make principal payments that are not subordinated to other classes.

PAC CENTURY INS
PAC CENTURY INS is a securities company with code 00065 at Hong Kong stock. Board lot: 2,000.

PAC Credit Union
PAC is a credit union with head office in TROY, MI

Pac Man
A form of defense used in a hostile takeover situation. The target firm turns around and tries to take over the company that has made the hostile bid.



PREVIOUS AND NEXT TERMS
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P-E
Price-earnings ratio

P-E effect
That portfolios with low P-Estocks exhibit higher average risk-adjusted returns than those with high P-E stocks.

P-E ratio
Current stock price divided by trailing annual earnings per sharer expected annual earnings per share.

PAC bond
Stands for Planned Amortization Class bond. A tranche class offered by some CMOs that has a sinking fund schedule and an ability to make principal payments that are not subordinated to other classes.

Pac Man
A form of defense used in a hostile takeover situation. The target firm turns around and tries to take over the company that has made the hostile bid.

Pac Man strategy

Pacific Stock Exchange
Used for listed equity securities. Regional exchange located in Los Angeles and San Francisco; only U.S. exchange open between 4:00 and 4:30.

Package mortgage
A mortgage on a house and property in the house.

Paid in capital
Capital received from investors in exchange for stock, but not stock from capital generated from earnings or donated.

Paid up
When all payments that are due have been made.

Paid up capital
Share capital that has actually been subscribed by shareholders.

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This dictionary contains 24549 terms.







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