What is a POISON PILL and how does it work?

In corporate law, what is a poison pill? Why is it so effective at stopping hostile acquisitions and how can it be overcome? We asked Prof. John D. Morley of law at Yale Law School to explain. ► For more legal explainers and interviews with the titans of law, visit http://www.talksonlaw.com Outline 0:00 Yale Law professor John Morley explains the poison pill. 0:20 The invention of the poison pill. 1:02 How does a poison pill work? 1:37 The effect of triggering a poison pill. 3:02 How can someone get around a poison pill? ____________________