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War Chest

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War chest
Cash kept aside for a takeover or for defense against a takeover bid.

War Chest
Informal; money a corporation sets aside to pay for or defend against a hostile takeover. A war chest is highly liquid, and while it can cut into short-term profits, it may open up investment opportunities for the long-term. The term is commonly used in journalism.

war chest
Liquid assets accumulated by a firm to use in a potential acquisition or in defending itself against a takeover attempt. A substantial war chest adds security and enhances investment opportunities but is likely to be a drain on short-term profitability.


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He also dismissed suggestions BA was building a war chest in case of summer strikes.
SAINSBURY'S stepped up its pursuit of market leader Tesco by building an additional pounds 445m war chest to spend on store expansion.
DUNDEE fans have been challenged to help hand boss Jocky Scott a transfer war chest.
 
 
 
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