Saturday night special


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Saturday night special

Often used in risk arbitrage. Sudden attempt by one company to take over another by making a public tender offer.

Saturday Night Special

Informal; an unexpected attempt at a hostile takeover. The term comes from the fact that such takeover attempts are often announced over the weekend when the fewest investors are paying attention.

Saturday night special

A hostile tender offer in which shareholders of the target company have a relatively short time to respond.
References in periodicals archive ?
Big Mouth then takes a quick summer break returning in September with a brand new season of Saturday night specials in Middlesbrough, Saltburn, Redcar and Guisborough.
Among firearms, the bogeymen have included Saturday night specials, assault weapons, and plastic guns--none of which were what the gun-control lobby claimed they were.
Although at times he has claimed he only wants to ban Saturday Night Specials through litigation, he made no distinction between Saturday Night Specials and all other handguns in that frank conversation.
And all along here we have been repeatedly told that the antis were only after our Saturday Night Specials.
According to the Post, "Aimed at cheap easily concealable weapons known as Saturday Night Specials, the law would create a nine-member board--appointed by the governor and including two gun industry representatives -- that would decide which handguns are legitimate for sporting use and self-defense.
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