kamikaze defense

A takeover defense strategy used by companies to prevent hostile takeovers by other companies or corporate raiders. This can involve tactics such as selling off substantial assets, acquiring unattractive assets, increasing debt load or decreasing available cash to make the company less attractive to takeover. There are many variations of particular kamikaze defenses strategies such as the scorched earth tactic, sale of crown jewels strategy, or fatman strategy. It is named after the tactics employed by Japanese suicide pilots in World War Two.