a defensive tactic against a hostile takeover in which the targeted company makes its own bid to take over the hostile firm.
[pak] /pæk/ noun 1. 1 (def 1). [pak] /pæk/ noun 1. Also, pack. a soft, flexible, heelless shoe worn as a liner inside a boot or overshoe. 2. . [pak] /pæk/ noun, plural PAC’s, PACs. 1. political action committee: an organization established by a corporation or other special interest to raise money from individuals for […]
[pakt] /pækt/ noun 1. an agreement, covenant, or compact: We made a pact not to argue any more. 2. an agreement or treaty between two or more nations: a pact between Germany and Italy. /pækt/ noun 1. an agreement or compact between two or more parties, nations, etc, for mutual advantage n. early 15c., from […]
noun 1. a military alliance concluded between Nazi Germany and Fascist Italy on May 22, 1939, committing each to assist the other in the event of war with another power and pledging that neither would seek a separate peace or armistice.