Practical Law UK Glossary 2-382-7092 (Approx. 3 pages)
Glossary
Pac-Man defence
A strategy used in takeovers which takes its name from a computer game in which Pac-Man is being chased by ghosts but, by eating magic pills, Pac-Man in turn becomes the predator. The term is used when the target of a hostile bid responds with a bid for the bidder.