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Stalking Horse Bid
(redirected from Stalking-Horse Bid)

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Stalking horse bid
In bankruptcy proceedings, this refers to first bid for the companies assets. This is the bid to beat. If there are multiple bids, often there is a bankruptcy auction.

Stalking Horse Bid
1. In a corporate bankruptcy in which the corporation wishes or is required to sell its assets, an initial bid on those assets by a third party chosen by the corporation. This is done to ensure that the bankrupt corporation does not have to settle for unacceptably low prices for its assets.

2. More generally, a "trial balloon" in which a third party approaches a person or company inquiring about the possibility of a (usually hostile) takeover. The party actually asking about the takeover remains anonymous so as to protect its reputational risk in case the idea does not meet with favor.


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a Rocky Mountain Choppers affiliate, today announced that on May 23, 2008, the United States Bankruptcy Court for the Northern District of Texas approved its stalking-horse bid for substantially all the assets of American IronHorse Motorcycle Company, Inc.
the stalking-horse bid the Debtors propose to accept does provide substantial benefit to the unsecured creditors in the form of an opening offer of $8 million to $15 million.
The $41 million stalking-horse bid from O&S Holdings not only ensures that repayment will be made but also demonstrates that developers recognize the value of the mix-use property surrounding the Queen Mary.
 
 
 
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