Business and Personal Finance Dictionary

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• INTERLOCKING SHAREHOLDINGS OR CROSS SHAREHOLDINGS
  
  Two or more group companies acquire shares of each other in large quantity or one company may distribute shares to the share holders of its group company to avoid threats of takeover bids. (If the interlocking of shareholdings is accompanied by joint voting agreement then the joint system of defense is termed as "Pyramiding", which is the safest device or defense.)
  
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