Poison pill defense against hostile takeovers was invented in 1982 by Martin Lipton of Wachtell, Lipton, Rosen and Katz. The tablets are considered the most effective of all normal means of protection against hostile price. Describes the two main types of poison pills (flip-ins and flip-overs), and explains how a form of bid changes impact on the price of the pills. It also describes how the bidders can create bids to avoid poison pills. "Hide
Carliss Y. Baldwin on 4 pages. Publication Date: October 18, 2007. Prod. #: 208061-PDF-ENG
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