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Dawn Raid |
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Dawn raid A term of British origin used to describe the purchase of all available shares of a target company at the market's open by a raider. A dawn raid is a surprise technique that allows the raider to gain a substantial share of the target company before the target company knows what is happening. Dawn Raid In a hostile takeover, the act of an acquiring firm or, more rarely, an individual investor buying a substantial amount of a target firm's stock at the beginning of the trading day. One perpetrates a dawn raid to take the target firm by surprise; by not making a formal offer to buy the company before the dawn raid, the acquiring firm does not give the target firm the chance to enact an antitakeover measure that would increase the cost of the takeover. Regulations allow an acquiring firm to buy only 15% of the target firm in a dawn raid; many acquiring firms thus make formal offers after they have a significant stake in the target firm. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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POLICE today put the squeeze on suspected crooks in a series of dawn raids. Egyptian security forces detained at least eight members of the opposition Muslim Brotherhood movement in dawn raids at their homes on Thursday, a security official told Two other suspects, aged 38 and 20, were arrested in separate dawn raids in Paisley in June. |
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