How Do You Spell PORCUPINE PROVISION?

Pronunciation: [pˈɔːkjuːpˌa͡ɪn pɹəvˈɪʒən] (IPA)

The spelling of the word "porcupine provision" can be explained with the International Phonetic Alphabet (IPA) transcription. The first syllable "por" is pronounced as /pɔːr/ with a long vowel sound. The second syllable "cu" is pronounced as /kjuː/ with a "k" sound and a "yoo" sound. The third syllable "pine" is pronounced as /paɪn/ with a long "i" sound. The final syllable "provision" is pronounced as /prəˈvɪʒən/ with a "proh" sound, a short "i" sound, a "zh" sound, and a short "u" sound.

PORCUPINE PROVISION Meaning and Definition

1. The term "porcupine provision" refers to a contractual clause or legal provision executed with the intention of deterring potential acquirers or hostile takeover attempts. The provision takes its name from the defensive mechanism of a porcupine, which shoots out sharp, barbed quills when threatened, acting as a deterrent to predators. Similarly, the purpose of a porcupine provision is to discourage or complicate hostile takeovers.

   Typically included within corporate bylaws or shareholder agreements, a porcupine provision introduces various mechanisms that make it difficult or undesirable for a hostile bidder to acquire a company. These measures may include imposing penalties, such as increased costs or financial repercussions, on the acquiring party if the takeover succeeds. The objective is to dissuade potential acquirers by increasing the financial risks and hurdles involved.

   Porcupine provisions may also grant existing stakeholders certain benefits or rights in the event of a takeover attempt, further discouraging unwanted acquisition bids. This could include granting preferred shareholders greater voting power, the right to purchase additional shares at a discount, or implementing staggered board elections to prolong the time it takes for an acquiring entity to obtain full control over the target company.

   Overall, a porcupine provision is intended to safeguard a company's independence and protect the interests of its existing shareholders by making it more challenging and costly for hostile takeovers to succeed.

Common Misspellings for PORCUPINE PROVISION

• oorcupine provision
• lorcupine provision
• -orcupine provision
• 0orcupine provision
• pircupine provision
• pkrcupine provision
• plrcupine provision
• pprcupine provision
• p0rcupine provision
• p9rcupine provision
• poecupine provision
• podcupine provision
• pofcupine provision
• potcupine provision
• po5cupine provision
• po4cupine provision
• porxupine provision
• porvupine provision
• porfupine provision