Previously we highlighted various share ownership thresholds that matter to investors. Among the most notorious and confusing thresholds is the one that triggers a shareholders rights plan, aka a poison pill.
This got us thinking about poison pills generally:
- What's a "structurally coercive tender offer"?
- Which is the only company to trigger their poison pill?
- What can we learn from the recent landmark Air Products v. Airgas decision?
Most importantly, how has the poison pill evolved in 25 years, from a defense against a hostile bidder to limiting the shareholdings of any investor that management and the Board of Directors just doesn't like?
We answer these and other interesting questions in our current blog post on this subject.
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