Saturday night special

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Saturday night special

Often used in risk arbitrage. Sudden attempt by one company to take over another by making a public tender offer.

Saturday Night Special

Informal; an unexpected attempt at a hostile takeover. The term comes from the fact that such takeover attempts are often announced over the weekend when the fewest investors are paying attention.

Saturday night special

A hostile tender offer in which shareholders of the target company have a relatively short time to respond.
References in periodicals archive ?
It's why phrases such as "Saturday Night Special" and "junk gun" stick in my throat.
"junk guns" or "Saturday night specials") will have to go, along with the federal rules against the import of cheap guns.
True, to the uninitiated casually cruising the aisles at gun shows, there does seem to be a preponderance of inexpensive, and downright cheap, guns chambered for pinfire loads littering the tables; and in fact countless numbers of junk guns were actually produced.
Offering yet another competing view is the Contra Costa Coalition to Prevent Gun Violence, which argues "Junk guns [are] the gun of choice for criminals ...
They have demonized and restricted machineguns, sawed off shotguns, silencers, assault rifles, "cop killer bullets," high capacity magazines and junk guns. If you think Heston or LaPierre are going to stick their neck out to protect handguns, you need to look at what the NRA did for the above.
When stand-alone laws on "junk guns," ammo taxes, one-gun-a-month limits and registration restrictions couldn't pass, liberals had no option but to attach them as riders to popular, necessary legislation.
Administrators fear officers carrying junk guns that'll go off if dropped?