FLIP IN PILL
\flˈɪp ɪn pˈɪl], \flˈɪp ɪn pˈɪl], \f_l_ˈɪ_p ɪ_n p_ˈɪ_l]\
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A POISON PILL that allows existing shareholders of a company that is the subject of a TAKEOVER to buy new shares at a discount; the pill increases DILUTION, and is thus intended to dissuade a potential acquirer from bidding for the company. See also FLIP OVER PILL.
By Henry Campbell Black
Word of the day
basidiomycota
- comprises fungi bearing the spores on basidium: Gasteromycetes (puffballs); Tiliomycetes (comprising orders Ustilaginales (smuts) and Uredinales (rusts)); Hymenomycetes (mushrooms; toadstools; agarics; bracket fungi); in some classification systems considered a division of kingdom comprises fungi bearing spores on a basidium; includes Gasteromycetes (puffballs) Tiliomycetes comprising the orders Ustilaginales (smuts) and Uredinales (rusts) Hymenomycetes (mushrooms, toadstools, agarics bracket fungi).