Definition Pension Parachute. Description.
A Pension Parachute is in corporate finance an anti-takeover
mechanism whereby the hostile acquirer of the target firm is prevented from
utilizing the pension assets to finance the acquisition.
Thus the cash reserves in the pension fund of the target company
are protected from unfriendly acquirers; they remain the property of the participants
in the pension plan in the target company.
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Pension Parachute Cases and Examples
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Pension Parachute Special Interest Group
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Compare with:
Anti Hostile Takeover
Mechanisms
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Pension Parachute Sponsor
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Special Interest Group Leader
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