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Dawn raid |
Also found in: Wikipedia, Hutchinson | 0.02 sec. |
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Dawn raid A term of British origin used to describe the purchase of all available shares of a target company at the market's open by a raider. A dawn raid is a surprise technique that allows the raider to gain a substantial share of the target company before the target company knows what is happening. 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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Dawn raids, at Sweet & Maxwells's offices and at the homes of some company directors, were carried out by the SFO and The City of London Police on Thursday, January 20, 2005. Dawn raids is the term the European Union's commission for competition called their actions when they supposedly "raided" numerous materials suppliers. There is no judicial review before what's known as a dawn raid. |
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