flip-in
Word Rarity
Uncommon
Frequency: Zipf frequency 4.20 in modern English
11
Scrabble Score
6
Letters
2
Syllables
5
Unique Chars
Meaning
noun
A poison pill giving current shareholders of the targeted company the right to purchase additional stock at a discount before a potential takeover, so that the potential acquirer risks discriminatory dilution in the target company. The threshold level therefore effectively sets a ceiling on the amount of stock that any shareholder can accumulate before launching a proxy contest.
Example Sentences
- "There has been no definitive or pervasive ruling as yet on flip-ins, but courts in specific cases have limited their applications."