corporate raider

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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 ?
While French anti-globalization forces apparently were successful in helping to vote down the EU constitution, the highly controversial SPD campaign against corporate raiders from abroad did not make much difference with disgruntled voters.
As the corporate raiders left their stockholders high and dry, so the nation raiders will leave American citizens fending for themselves in desolate, dysfunctional cities.
The aim of the corporate raiders was to find a company with a stock that they felt was undervalued and attempt to acquire it.
A good deal of merger and acquisition activity has received a bad press, with most of the "financial engineers" involved lumped together as insensitive corporate raiders.
Savill also voiced his concern that "racecourses will become prey to corporate raiders anxious to keep down costs in pursuit of greater profits.
Forbes called it "socialism Pennsylvania style," Business week labeled it "a dangerous game," and the New York Times opined that the anti takeover statute was the "sorriest example of state intervention" The mighty wallets of the financial world--including the United Shareholders of America, corporate raiders like T.
Those were tumultuous times for the SEC, for they gave rise to among other things) corporate raiders, junk bonds, insider trading scandals, leveraged buyouts, the wild bull market and subsequent crash of 1987, hostile takeovers, and so on.
By using incentives proactively to increase value, management can divert pressure from corporate raiders and sidestep the quagmire of dealing with junk bonds.
With globalization and the emergence of corporate raiders, a whole new ball game developed.
Hence, it shouldn't be a surprise that, in recent years unaffliated corporate restructurers, some call them corporate raiders, have significantly bid up the control premiums over the passive investment value of companies that are perceived to have suboptimal asset allocations.
If Mr Osborne is saying employees will no longer be able to defend themselves against cuts in pensions, he is giving a green light to corporate raiders eyeing companies with well funded pension schemes.
There will also be a White Collar Boxing ring where executives can pummel their fellow corporate raiders - one bout will even feature a couple of ladies.

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