raider

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Raider

Individual or corporate investor who intends to take control of a company (often ostensibly for greenmail) by buying a controlling interest in its stock and installing new management. Raiders who accumulate 5% or more of the outstanding shares in the target company must report their purchases to the SEC, the exchange of listing, and the target itself. See: 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.

raider

A person or firm that attempts a takeover of a company. Also called corporate raider. Compare target company, white knight. See also greenmail, junk financing, shark repellent.
References in periodicals archive ?
KVVUwill also air the weeklySilver and Black Show, a Raiders shoulder program featuring exclusive player and coach interviews and in-depth features.
He has played Elite League hockey for Devils and had English Premier League spells with Swindon Wildcats and Romford Raiders.
It seems like goofy things always happen with these twoteams,'' said former Raiders coach Tom Flores, now a color commentator on the Raiders' radio broadcasts.
The 1988 legislation was simply an obstacle that the Raiders and Irwindale attempted to overcome.
Brazen Raiders fans such as Ferreira aren't uncommon, especially these days as the Raiders prepare to face off against the Tampa Bay Buccaneers in the National Football League's Super Bowl XXXVII.
The raiders prove adept at fungal nesting, tearing off bits of the sticky mass to create a cavity for their larvae and queen.
A number of court decisions recognize the right of the board of directors to consider a variety of factors in evaluating an offer, such as the inadequacy of the price offered, the nature and timing of the offer, questions of illegality, the risk of nonconsummation of the offer, the offeror's reputation as a raider, and the impact of the offer on constituencies other than shareholders (i.
The black 2005 Chevrolet Avalanche dramatically features historic Raider highlights airbrushed onto the vehicle on all four sides and hood.
In Davis, the Raiders see an owner whose way of fixing a team that falls behind the times is to bring back Shell, 12 years after his last head-coaching job, and let Shell bring back offensive coordinator Tom Walsh, six years after his last football job (in the meantime Walsh did become mayor of Swan Valley, Idaho).
The Oakland Raiders salute Roger Haughton and PMI for all of the tremendous work that they do in the community, including with Habitat for Humanity," said Raiders Chief Executive Amy Trask.
1) no caption (book: ``Better to Reign in Hell: Inside the Raiders Fan Empire,'')