corporate raider


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Related to corporate raider: hostile takeover

Corporate Raider

A person or company that is offering or executing a hostile takeover by buying shares directly from shareholders. If a firm makes an offer to shareholders to acquire a publicly-traded company after the board of directors refuses, or if it bypasses the board completely, one refers to the acquiring firm as a corporate raider. Often, the corporate raider does not actually intend to take over the target company, but is simply trying to force the board of directors to repurchase shares at a premium to their market value. A corporate raider that accumulates more than 5% of a company's outstanding shares must register with the SEC. It is also known simply as a raider. See also: Greenmail, Premium raid.

corporate raider

See raider.

corporate raider

see ARBITRAGEUR.
References in periodicals archive ?
54) involved a target that (i) resisted a corporate raider, (ii) incurred expenses to find a white knight, (iii) was subsequently bought out by the corporate raider, and (iv) thus did not merge with the white knight, which (v) was consequently paid break-up fees.
A battle over US computer giant Dell heated up Friday as corporate raider Carl Icahn and other investors made a new offer and called a planned buyout led by company founder Michael Dell a "giveaway.
Yahoo has said it rejected a "ludicrous" deal with Microsoft orchestrated by corporate raider Carl Icahn, who is bent on overthrowing the struggling web search pioneer's board.
WASHINGTON: Billionaire corporate raider Carl Icahn announced a bid yesterday to unseat the board of Yahoo, saying the Internet firm had "completely botched" merger talks with Microsoft.
7 billion hostile takeover bid brokered by Australia's Macquarie Bank and led by US corporate raider Texas Pacific Group is successful.
Billionaire corporate raider Kirk Kerkorian smells blood and is buying up GM's shares at knockdown money.
A corporate raider who was inspiration for greedy Gordon Gekko in hit film Wall Street is locked in a payout battle with hundreds of former North East asbestos workers.
His employer worked for the corporate raider, not the target.
Sylvester recalls a time in the 1980s when corporate raider Saul Steinberg was greenmailing the Walt Disney Co.
Recasting himself as a wandering spirit with the meaning of life in his knapsack, Nolte dizzies the rich with home spun homeless philosophy and proves himself as much of an opportunist as a corporate raider.
Apparently, a corporate raider could trigger a limitation on NOL utilization by merely offering to purchase a majority interest of a loss corporation's stock.
Robert's mission is to use her feminine softness and her unstinting sexual healing to turn Gere from a cold corporate raider into a creative enterpreneur and a family man.

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