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."
Investopedia Commentary
This is an extreme version of the poison pill.
Related Links
The Wacky World of M&As
The Basics of Mergers and Acquisitions
See also: Busted Takeover, Enterprise Value, Hostile Takeover, Jonestown Defense, Management Buyout (MBO), Merger, Poison Pill, Sandbag, Saturday Night Special, Scorched Earth Policy, Shark Repellent, Sleeping Beauty, Voting Shares, Whitemail
suicide pill