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Corporate Raider |
Also found in: Dictionary/thesaurus, Wikipedia, Hutchinson | 0.02 sec. |
Corporate Raider A person or company that is offering or executing a hostile takeover by buying shares directly from shareholders. If a firm makes an offer to shareholders to acquire a publicly-traded company after the board of directors refuses, or if it bypasses the board completely, one refers to the acquiring firm as a corporate raider. Often, the corporate raider does not actually intend to take over the target company, but is simply trying to force the board of directors to repurchase shares at a premium to their market value. A corporate raider that accumulates more than 5 percent of a company's outstanding shares must register with the SEC. It is also known simply as a raider. See also: Greenmail, Premium raid. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| However, they note that the pair had been fired from an earlier company after its acquisition by a corporate raider, and equate their plight with a red train experience. 7 billion hostile takeover bid brokered by Australia's Macquarie Bank and led by US corporate raider Texas Pacific Group is successful. Lions Gate is a hostile corporate raider, attempting to take control of your company without raising its inadequate bid," wrote Chairman Martin Greenwald. |
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