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   Poison Put
   















 

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Poison Put

(1) A provision of a bond or note which makes the instrument puttable to the issuer following a change of control or a restructuring which reduces the credit quality of the issue. Also called Event Risk Covenant. (2) A right distributed to common stock holders which makes some or all of their stock puttable to an acquirer at a very high price in the event of a hostile takeover.

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