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What is Pac-Man Defense?

Mergers Project Finance Cash Flow Forecasting Financial Reporting Financial Systems
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Question added by Shahbaz Hayder , Group Head of Finance , Sharif Group of Companies
Date Posted: 2015/06/14
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Vivek Kumar Sharma
by Vivek Kumar Sharma , Business Analyst (Corporate finance) , Kirtanlal International DMCC

It is a defensive tactic used during hostile takeover  by targeting company.

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