shark attack
n.— «Arcelor might have bitten off more than it can chew in its attempt to defend itself from Mittal Steel. It is buying a controlling stake in Severstal for E13bn in Arcelor shares. This might create an entity larger than Mittal Steel, and repel the latter’s takeover bid but in the process, Arcelor shareholders may lose out. Hostile takeover attempts are often referred to as shark attacks, and targets try a number of shark repellents.» —“Arcelor may have bitten off more than it can chew” by Amit Bhandari, Ravi Parwan Economic Times (India) May 27, 2006. (source: Double-Tongued Dictionary)
Further reading
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