In M&A theory, there is the poison pill as a takeover defence. We have now added a new word to the lexicon, a hanlong which is defined to be a value destroying bid characterised by market maniulation, manipulation of information, regulatory failure and corporate malfeasance.
Pity we didn't have our own poison pill to match the hanlong.
In M&A theory, there is the poison pill as a takeover defence....
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