Jonestown Defense

A defensive strategy by which the target company engages in an activity that might actually ruin the company rather than prevent the hostile takeover. Also known as a "suicide pill."

The term refers to the 1978 Jonestown massacre, where a religious cult (the People's Temple) led by Jim Jones committed mass suicide in Guyana.

Investment dictionary. . 2012.

Look at other dictionaries:

  • Jonestown Defense — The Jonestown defense is an extreme corporation defense against hostile takeovers. In this strategy, the target firm engages in tactics that might threaten the firm’s existence to thwart an imposing acquirer’s bids. This is also known as a… …   Wikipedia

  • Jonestown defense — An extreme defensive tactic employed by the management of a target corporation to prevent a hostile takeover. The defensive tactics are so extreme that they typically lead to the destruction of the target corporation. Bloomberg Financial… …   Financial and business terms

  • Jonestown — For other uses, see Jonestown (disambiguation) …   Wikipedia

  • Takeover — This article is about the business term. For Takeover, see Takeover (disambiguation). For the science fiction series, see Hostile Takeover Trilogy . In business, a takeover is the purchase of one company (the target) by another (the acquirer, or… …   Wikipedia

  • Suicide pill — This article is about the literal meaning. For the use in economics, see Poison pill. A Cyanide pill (also known as a Kill Pill or lethal pill) is a pill, capsule, ampoule or tablet containing a fatally poisonous substance that a person ingests… …   Wikipedia

  • Suicide Pill — A defensive strategy by which a target company engages in an activity that might actually ruin the company rather than prevent the hostile takeover. Also known as the Jonestown Defense. This is an extreme version of the poison pill …   Investment dictionary

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