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Poison pills were developed in the 1980s to enable insiders to block a hostile acquisition.
At the time, observers blamed Pasminco's failure on hostile acquisition of Savage Resources in 1999, bringing in more debt and fewer assets than Pasminco expected.
The British mobile giant still holds the record for the world's biggest deal: its $203 billion hostile acquisition of the German company Mannesmann in 2000.
The Taubmans have gone on the offensive, accusing the Simons of being hypocritical about their own corporate governance structure, which has its own set of mechanisms to block a hostile acquisition.
The Autostrade takeover ranks third in size in Italian corporate history, behind two 1999 deals, Olivetti's $34 billion hostile acquisition of Telecom Italia and Banca Intesa's $10.7 billion purchase of Banca Commerciale Italiana.
And there are the lessons learnt since banking started to go global in the 1970s: the mediocre performance of American commercial banks overseas, the Japanese fiasco, multiple horror stories of commercial banks buying investment banks, and, as the boom peaked, a ruinous hostile acquisition in the form of the RBS-led takeover of ABN AMRO.
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Buffett doesn't do hostile acquisitions or major restructurings, and he almost never sells the companies he buys.
In the wake of the failed hostile bid by Air Products for Airgas, the talk of the mergers and acquisition world has been about how much harder hostile acquisitions are than regular deals.
A multibranded company like ours, which has grown by acquisitions, is more difficult because we have done hostile acquisitions, but even more importantly, we have acquired companies that have historically competed with one another.
France's rebuff to Enel and recent French efforts to allow companies to use "poison pill" defences against hostile acquisitions have prompted Italy to consider bolstering its own laws on takeover defences.
A regional bank headquartered in Melville on New York's Long Island, North Fork has grown through a series of profitable, often hostile, acquisitions.
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