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Dawn raid |
Also found in: Wikipedia, Hutchinson | 0.02 sec. |
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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. 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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Dawn raids are most commonly used for 'cartel busting'. In October 2006 more than 100 officers carried out dawn raids on the Johnson clan and arrested 14 people. On 15 October 2007, armed police conducted dawn raids at 50 houses and places of work across New Zealand/Aotearoa. |
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