Often used in risk arbitrage. Technique used by a company that has become the target of a takeover attempt to make itself unattractive to the acquirer . For example, it may agree to sell off its crown jewels or schedule all debt to become due immediately after a merger .
SCORCHED-EARTH POLICY
Meaning of SCORCHED-EARTH POLICY in English
Campbell R. Harvey. Hypertextual finance English glossary. Английский словарь гипертекстовых финансов. 2012