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| has gloss | eng: A voting plan or voting rights plan is one of five main types of poison pills that a target firm can issue against hostile takeover attempts. These plans are implemented when a company charters preferred stock with superior voting rights to common shareholders. If an unfriendly bidder acquired a substantial quantity of the target firms voting common stock, it would not be able to exercise control over its purchase. For example, Asarco established a voting plan in which 99% of the companys common stock would only harness 16.5% of the total voting power. |
| lexicalization | eng: voting plan |
| instance of | e/Mergers and acquisitions |
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