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(business) A response to an attempted hostile takeover of a company, in which the target company, or a 'white knight' acting on its behalf, tries to turn the situation round by acquiring all or much of the other company.

The Pac-Man defense is a strategy used by a target company to prevent a hostile takeover.

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Pac-Man defences

noun

plural of Pac-Man defence

The team used Pac-Man defences to confuse the opposing players.

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Pac-Man defence

noun

(UK) Alternative spelling of Pac-Man defense.

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Pac-Man defenses

noun

plural of Pac-Man defense

The company employed Pac-Man defenses to fend off the hostile takeover attempts.

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