Pacman defence Meaning in the Cambridge English Dictionary
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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 ​companytries to ​buy another ​company, but the second ​company prevents this ​happening by ​buyingshares 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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