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 ?
Ballast Nedam and the Joint Bookrunners cannot guarantee that the Rump Offering will be successfully completed.
A Plains style saddle bag is draped over the rump of the horse.
Carruthers said the rump area became infected before Christmas but had started healing.
A retired horse racing jockey living at the home had just smacked the horse on the rump and said, 'goodbye, Scooter Pie' - the first words he had spoken in seven years.
Beef stroganoff with peppercorn-coated steak Serves: 4 Ingredients 500g Waitrose British Rump Steak, sliced thinly into long strips 1tbsp Bart Bristol Blend Five Pepper, lightly crushed 1tsp ground paprika, plus extra for sprinkling 50g unsalted butter 2tsp olive oil 1 large onion, sliced 200g pack button mushrooms 2 tbsp Waitrose French Brandy 142ml pot soured cream Method Place the rump steak in a shallow bowl, sprinkle the peppercorns and paprika over and toss well to coat evenly, then set aside.