what are other defenses to a hostile takeover 
companies can use the crown jewel golden parachute and the pac man defense to defend themselves against hostile takeovers the bottom linea hostile takeover is where a party attempts to purchase a controlling share of a company s voting stocks or influences shareholders to vote out current management and replace them reasons hostile takeovers occur are a belief that a company may be undervalued or the desire to access or own a company s brand operations technology or industry foothold it might also be a strategic move by activist investors looking to effect change in a company s operations 