Saturday night special

(redirected from Junk guns)
Also found in: Dictionary, Thesaurus.

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 ?
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.