porcupine provisions

plural noun

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

Example Sentences

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