States that the original directors who put a poison pill in place to prevent a merger or takeover from another company are the only people who can dismantle it.
Related information about dead hand provision:
- Dead Hand Provision Definition | Investopedia
The dead hand provision prevents the removal of the poison pill, a strategy used to discourage a hostile takeover, even if shareholders of the target company ...
- Dead Hand Provision - Financial Dictionary - The Free Dictionary
A provision in some antitakeover measures stipulating that only persons who were members of the board of directors at the time the antitakeover measure was ...
- What is dead hand provision? definition and meaning
Definition of dead hand provision: States that the original directors who put a poison pill in place to prevent a merger or takeover from another company are the ...
- Delaware Supreme Court Kills "Dead Hand" Poison Pill Rights Plans
Jan 14, 1999 ... Toll Brothers, Inc. 8 Vice Chancellor Jack B. Jacobs denied a motion to dismiss claims alleging that the adoption of a dead hand provision by ...
- Dead Hand Provision: Definition from Answers.com
Dead Hand Provision A stipulation on a defense mechanism (or poison pill) used by companies in order to protect against a merger or takeover by another.
- A NEW LOOK AT DEAD HAND PROVISIONS IN POISON PILLS ...
In its pure form, a dead hand provision mandates that only "continuing directors" ... In sum, the pure dead hand provision strengthens the defensive attributes of a ...
- DEATH TOLL FOR THE DEAD HAND?: THE SURVIVABILITY OF ...
Realistically, a poison pill fortified with a dead hand provision will deter a potential ... Without a dead hand provision, the newly-elected board would vote to ...
- 'Dead Hand' Pills - Wood LLP
After the July decision of the Delaware court, Quickturn took the dead hand provision in its poison pill plan and replaced it with a pill that effectively bars new ...