HomeDefinitionsCompareDebt Poison putThe financial definition for Poison put:A covenant allowing the bondholder to demand repayment in the event of a hostile takeover. Similar MatchesRights Agreement (aka "Poison Pill")Rights Agreement (aka "Poison Pill")An anti-takeover arrangement often established by a company in anticipation of a hostile takeover attempt. The company appoints a Rights Agent who will issue Rights certificates to each shareholder at the time of the takeover attempt. The shareholder may then exercise these rights to receive additional shares of stock and/or debentures, making the target company more expensive to acquire as a result of the additional shares outstanding, or the additional debt. Click to compare definitions of Poison put Click to view definitions beginning po |