Pacman defence Meaning in the Cambridge English Dictionary Cambridge dictionaries logo
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Meaning of “Pacman defence” in the English Dictionary

"Pacman defence" in Business English

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Pacman defencenoun [S]

UK US Pacman defense uk   us   FINANCE, MANAGEMENT
a situation in which one company tries to buy another company, but the second company prevents this happening by buying shares in the first company: MBW retaliated with a Pacman defence, making a $1.4 billion counter-offer.
(Definition of Pacman defence from the Cambridge Business English Dictionary © Cambridge University Press)
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