Killer bees (business)

From Wikipedia, the free encyclopedia

Killer bees are firms or individuals that are employed by a target company to fend off a takeover bid; these include investment bankers (primary), accountants, attorneys, tax specialists, etc. They aid by utilizing various anti-takeover strategies, thereby making the target company economically unattractive and acquisition more costly.

Examples of strategy implementation by third parties are poison pills, people pills, white knights, shark repellent, Pac-Man defense, lobster traps, sandbags, whitemail, and greenmail.