|This article does not cite any sources. (May 2009) (Learn how and when to remove this template message)|
When a target firm implements this provision, it will make an effort to make itself unattractive to the hostile bidder. For example, a company may agree to liquidate or destroy all valuable assets, also called crown jewels, or schedule debt repayment to be due immediately following a hostile takeover. In some cases, a scorched-earth defense may develop into an extreme anti-takeover defense called a poison pill.
|This business-related article is a stub. You can help Wikipedia by expanding it.|