| Killer Bees An individual or firm that helps a company fend off a takeover attempt. A killer bee uses defensive strategies to keep an attempted hostile takeover from occurring. Companies use a variety of anti-takeover measures, sometimes referred to as shark repellents, to discourage unfriendly takeover attempts from happening. Once an unfriendly takeover attempt has been initiated, the company can use other anti-takeover measures to deter or prevent the takeover. The use of killer bees is one anti-takeover measure that a company can employ. Other tactics include the white knight — a more friendly acquiring company willing to enter the bidding war; the standstill agreement — a negotiated agreement that limits the takeover company's holding in the target company; the Pacman defense — the target company makes a takeover bid for the stock of the bidding company; and litigation — to delay a takeover attempt. Investopedia Explains: The merger and acquisition boom of the late 1980s forced companies to develop strategies to thwart would-be takeovers. Killer bees, named for the...
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