Sentence examples for defensive device from inspiring English sources

And third, how would a board determine, in advance, that one particular form of defensive device, would be the "least coercive" of any array of devices?

The assertion by several witnesses that the missiles turned away from the plane at the last moment has given rise to speculation that the plane was equipped with some sort of defensive device that threw the missiles off course.

Some of these companies arc going a step further by adopting another defensive device, an increase in the number of votes necessary to approve a sale or merger of the company.

Thus, the one defensive device that Treadway has articulated, the no-solicitation clause, was of little moment because within that twenty-four-hour period, the Board would be able to back out if consents were not obtained or the deal could be concluded if the consents were obtained.

Treadway seems to suggest that "the lockup of the shareholder vote through the combined voting power of OPENLANE's directors and executive officers" was a defensive device, but the record, at least at this preliminary stage, merely suggests that, after the Board approved the Merger Agreement, the holders of a majority of shares quickly provided consents.

The defensive device detects surrounding enemies at regular intervals to destroy them.

A board's decision to adopt defensive devices which "lock up" a merger mandate special scrutiny under the two-part test set forth in Unocal.

First, Time had to terminate its merger agreement and stock exchange agreement with Warner, and remove certain other of its defensive devices, including the redemption of Time's shareholder rights.

I pass over the practical difficulty implied by this balancing test: how can a board know, at the time of adopting defensive devices, the terms of a transaction that emerges at a later time?

The coastline is scattered with improbable and thankfully untried defensive devices: Martello towers; the Royal Military Canal; and, strangest of all, some enormous concrete ears that were supposed to detect enemy planes in the days before Radar.

Time had in place a panoply of defensive devices, including a staggered board, a "poison pill" preferred stock rights plan triggered by an acquisition of 15% of the company, a fifty-day notice period for shareholder motions, and restrictions on shareholders' ability to call a meeting or act by consent.