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 ?
Turn the rumps over and seal on all the other sides for a further five minutes, then place them on a foil-lined dish in the oven.
At the same time you will need to marinate the lamp rumps.
I had a cracking dinner this week of tasty lamb rump.
To explore the role of female baboons' rumps in reproduction, Domb pieced together the reproductive histories of the Gombe females.