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TAKEOVER DEFENSES: The proper balance of takeover defenses will be a topic at Tulane.
Takeover defenses are generally prohibited.
Back then, companies lacked takeover defenses, something that suited many academics just fine.
When it comes to one of the oldest corporate takeover defenses around, more and more companies are saying no.
Roche Holding's $5.7 billion hostile offer for Illumina is built on a loophole in Illumina's takeover defenses.
But Roche Holding's hostile bid is built on a loophole in Illumina's takeover defenses, the Deal Professor says.
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After the May filing, the company adopted a so-called poison pill takeover defense.
It wouldn't be meant as a takeover defense, they added.
Takeover defense is something Goldman Sachs specialized in, so we were asked to help.
That did not sit well with Avon, which began preparing a takeover defense.
ImClone, which announced Mr. Icahn's action yesterday, said it had adopted a takeover defense.
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