corporate raider


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Related to corporate raider: hostile takeover

Corporate Raider

A person or company that is offering or executing a hostile takeover by buying shares directly from shareholders. If a firm makes an offer to shareholders to acquire a publicly-traded company after the board of directors refuses, or if it bypasses the board completely, one refers to the acquiring firm as a corporate raider. Often, the corporate raider does not actually intend to take over the target company, but is simply trying to force the board of directors to repurchase shares at a premium to their market value. A corporate raider that accumulates more than 5% of a company's outstanding shares must register with the SEC. It is also known simply as a raider. See also: Greenmail, Premium raid.

corporate raider

See raider.

corporate raider

see ARBITRAGEUR.
References in periodicals archive ?
There is a corporate raider who also observes the firm cash flows and decides whether to take over the firm at the end of each period.
New regulations requiring the disclosure of senior management pay, along with the rise of the corporate raider, spurred a growing number of contested elections for boards, known as proxy contests.
Graham intimate Warren Buffett -- a major stockholder and board member of the Washington Post Company -- comes across as blend of Mister Greenjeans and Albert Einstein, only with an impish zest for acquiring billions: "What he loves is business -- thinking and reading and talking about business." The Post's coverage of Buffett, a corporate raider now ranked as the country's second-richest man, has been effusive.
Under the facts of the TAM, amounts paid by a target to repurchase its stock from a corporate raider had to be capitalized.(48) Amounts paid to reimburse the raider for expenses incurred in connection with a failed takeover attempt also had to be capitalized .(49)
This prohibition leaves the corporation at a distinct disadvantage during hostile takeovers because a corporate raider may raise funds and deduct loan fees to purchase a target's stock, while the target may not.
For example, Carl Icahn, corporate raider and head of TWA, loves to ten of one encounter he had with his consultant.
The most notorious example of the new market for the Adirondacks' deep woods was the sale of 96,000 acres, sight unseen, acquired from a British corporate raider named James Goldsmith by Henry Lassiter, an Atlanta developer, for $17 million.
4 pretty woman (1990) COMEDY blockbuster with Julia Roberts, right, as a sex worker who finds love after a chance encounter with a wealthy corporate raider played by Richard Gere.
He also wanted the corporate raider to make long-term commitments to research and development if its PS8billion bid succeeds.
Corporate raider Carl Icahn has been pressing Michael Dell to raise his bid.
Summary: A battle over US computer giant Dell heated up Friday as corporate raider Carl ...
But a poison pill might not be necessarily given Icahn's corporate raider history.

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