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Stalking Horse
(redirected from stalking horses)

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Stalking horse
In bankruptcy proceedings, this refers to the company that first bids for the companies assets.

Stalking Horse Bid
1. In a corporate bankruptcy in which the corporation wishes or is required to sell its assets, an initial bid on those assets by a third party chosen by the corporation. This is done to ensure that the bankrupt corporation does not have to settle for unacceptably low prices for its assets.

2. More generally, a "trial balloon" in which a third party approaches a person or company inquiring about the possibility of a (usually hostile) takeover. The party actually asking about the takeover remains anonymous so as to protect its reputational risk in case the idea does not meet with favor.


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of California-Santa Barbara) takes the two figures as stalking horses for the confrontation between New World and Old World beliefs when European settlers arrived.
 
 
 
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