First Interstate Bancorp has few corporate takeover defenses, legal experts say, so its board would face an uphill fight against Wells Fargo & Co.'s $10.1 billion hostile bid.

Though First Interstate does have a so-called poison pill, which would dilute the interests of acquiring shareholders, experts say that defense can be overcome.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.