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Glossary   >   S   >   "Suicide Pill" Definition            Suicide Pill A defensive strategy taken by a company to prevent a hostile takeover. However, the target company engages in an activity that may actually ruin the company, instead of merely halting the takeover. Also known as the "Jonestown Defense." Glossary    Dictionary Search (powered by Google) WWW ITLOCUS.COM GLOSSARY.ITLOCUS.COM Translate a web page (powered by Google)      to German Spanish French Italian Portuguese Japanese Korean Chinese

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Suicide Pill - A defensive strategy taken by a company to prevent a hostile takeover. However, the target company engages in an activity that may actually ruin the company, instead of merely halting the takeover. Also known as the "Jonestown Defense."