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Post-Offer Defense

Definition - What does Post-Offer Defense mean?

A post-offer defense occurs when a target company receives a hostile takeover threat, and it involves taking the necessary steps to stave off such a takeover.

Divestopedia explains Post-Offer Defense

Post-offer defense is an overarching strategy, used by a target company to prevent a hostile takeover. There are a number of methods of post-offer defense:

  • White Knight Defense
  • Pac-Man Defense
  • Greenmail

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