Lady Macbeth Strategy
A corporate-takeover strategy with which a third party poses as a white knight to gain trust, but then turns around and joins with unfriendly bidders.
Investopedia Commentary
Lady Macbeth, one of Shakespeare's most frightful and ambitious characters, devises a cunning plan for her husband, the Scottish general, to kill Duncan, the King of Scotland. The success of Lady Macbeth's scheme lies in her deceptive ability to appear noble and virtuous, and thereby secure Duncan's trust in the Macbeths' false loyalty.
Related Links
The Wacky World of M&As
The Basics of Mergers and Acquisitions
Bloodletting And Knights: A Medieval Guide To Investing
See also: Bankmail, Blank Check Preferred, Greenmail, Lobster Trap, Macaroni Defense, Pac-man, Participating Preferred Stock, People Pill, Scorched Earth Policy, Share Purchase Right, Shark Repellent, Suicide Pill, White Knight