Definition Goodbye Kiss. Description.
A Goodbye Kiss is an anti-takeover tactic by which
the target firm attempts to prevent a
hostile takeover
by purchasing back the bidder's stock in the target. This share buyback is
often at a substantial premium and creates a substantial profit for the bidding
firm. In return, the bidder agrees to terminate the takeover attempt.
This tactic is similar to Greenmail: a strategy of
taking over an undervalued company, dismembering it, and selling off its valuable
pieces for a profit. Once having secured a large share of the target company,
instead of completing the hostile takeover the greenmailer offers instead
to end the threat to the victim company by selling his share back to it. At
an inflated price.
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Cases of Goodbye Kisses. Examples
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Goodbye Kiss Special Interest Group
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Compare with:
Anti Hostile Takeover
Mechanisms |
KISS Principle
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Goodbye Kiss Sponsor
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Special Interest Group Leader
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