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porcupine provisions

British

plural noun

Also called: shark repellents. finance provisions, such as poison pills or staggered directorships, made in the bylaws of a company to deter takeover bids

"Collins English Dictionary — Complete & Unabridged" 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

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porcupine provisions

There are the porcupine provisions that should protect your company from a hostile takeover, like a porcupine’s quills, and which are sometimes referred to as shark repellent.

From New York Times ● Apr. 14, 2014

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