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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

Saturday night special

A hostile tender offer in which shareholders of the target company have a relatively short time to respond.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
References in periodicals archive ?
We in the world of the gun ask our political opponents huffily, "What is a junk gun? What do you mean by 'Saturday Night Special'?" Let's take the latter concept first.
Unfortunately, the "junk gun" push has spread to state legislatures.
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?
So the state-level bans on inexpensive guns (a.k.a., "junk guns" or "Saturday night specials") will have to go, along with the federal rules against the import of cheap guns.