Rump


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Rump

Usually used in the context of a merger or acquisition. A group of shareholders who refuse to tender their shares for a merger or acquisition. In a merger of Company A and Company B for example, if a sufficient number of Company B shareholders do not tender their shares, the new company will not be able to access the cash flows of Company B.

Rump

In a merger or acquisition, the shareholders who refuse to sell their stock. If the merger or acquisition is successful, the rump becomes powerless; however, refusal to sell can deprive the acquiring company from some of the company's cash flow. This can discourage the acquiring company from completing the merger or acquisition in the first place.
References in periodicals archive ?
Rump was tasked with establishing a US-based operation to develop a complete CRM solution and create a comprehensive consulting practice.
However, they were both due to temporary promotions at single stores, with 1/kg [pounds sterling] off the price of a leg of lamb in Tesco and 2/kg [pounds sterling] off rump steak at Asda.
This new company, based in Baltimore, Maryland, will oversee the global consultancy business for Cedar under the direction of Tom Rump, formerly CEO of Cedar North America.
A four-steak, 900g pack of naturally reared rump steak retails for 17 [pounds sterling] and organic rump steak for 21.
For the most recent Rump Ryder Cup my wife, Elsie, and I travelled to Michigan and spent a few days playing competitive golf in Garland before travelling to Detroit to watch the event proper.
Dave Petrovich has extensive experience in the software and services industry, with an emphasis on sales, systems, and human resources," said Tom Rump, CEO of Cedar.
VTEL(R) Corporation (Nasdaq:VTEL) today announced the immediate resignation of President and CEO Stephen Von Rump, whose position will be filled on an interim basis by Richard Snyder, VTEL's chairman of the board.
Since June 2000, Peterson, 44, has served as VTEL's vice president of finance and interim chief financial officer, reporting to President and CEO Stephen Von Rump.
14 [pounds sterling] deal on Muller yoghurts and rump steak was reduced by 50p.
This offer from Budgens, is one among many -- including rump at less than 1 [pounds sterling] a steak at Somerfield -- seen in the trade as more of a price war between multiples than a symptom of poor consumer demand.