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Lobster Trap

Description of Lobster Trap. Explanation.



  

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Definition Lobster Trap. Description.

 

A Lobster Trap is an anti-takeover strategy whereby the target firm passes a provision preventing anyone with more than 10% ownership of convertible securities (convertible bond, convertible preferred stock, or warrant) from transferring these securities to voting stock.


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Compare with: Anti Hostile Takeover Mechanisms  |  Voting Rights Plan  |  Staggered Board of Directors

 

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End of description Lobster Trap. An explanation.

 

 
Copyright 2009 12manage - The Executive Fast Track. V10.4 - Last updated: 22-11-2009. All names tm by their owners.