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Saturday Night Special
(redirected from 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.
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