Sagrium Ltd. tried for two years to acquire all the shares of Hunter Inc., upping the share price offer by 10% three different times. Hunter shareholders were not convinced and ere justified in not accepting Sagrium's offer when the price of Hunter's shares rose above the former's highest bid offer. As Sagrium prepared a fourth offer, Hunter finally lashed out and made a counter-offer to buy Sagrium. What is this takeover defence known as?

Question

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When a company that is being targeted for a takeover turns around and attempts to acquire the company that is initiating the takeover, it is known as a Pac-Man defense. This strategy is named after the Pac-Man video game, where the targeted company "eats" the aggressor company, similar to how the game character consumes its enemies.