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Pac-Man defense

[pak-man]
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noun
  1. a defensive tactic against a hostile takeover in which the targeted company makes its own bid to take over the hostile firm.
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Origin of Pac-Man defense

First recorded in 1980–85; after Pac-Man, a character in a video game that devours its attackers
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2018