Bizjak, John M.; Marquette, Christopher J. - In: Journal of Financial and Quantitative Analysis 33 (1998) 04, pp. 499-521
We provide a comprehensive examination of shareholder resolutions to rescind poison pills. We find that pill rescission proposals are more frequent the more negative the market reaction to the initial pill adoption and the lower the insider and unaffiliated block ownership. Votes for such a...