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 ?
Confronted by a wave of strict gun laws that ban Saturday night specials, a notorious group of Los Angeles-area gun makers has quickly retooled to churn out larger caliber, deadlier weapons.
Bills signed by Davis last year made California one of the toughest states on gun control, enacting trigger-lock requirements, expanding bans on assault weapons and banning low-priced Saturday night specials.
Big Mouth then takes a quick summer break returning in September with a brand new season of Saturday night specials in Middlesbrough, Saltburn, Redcar and Guisborough.
Gray Davis signed into law an assault weapons ban and gun control bills requiring trigger locks for safety and added regulations at gun shows and banning so-called Saturday night specials throughout the state.
Among firearms, the bogeymen have included Saturday night specials, assault weapons, and plastic guns--none of which were what the gun-control lobby claimed they were.
Although at times he has claimed he only wants to ban Saturday Night Specials through litigation, he made no distinction between Saturday Night Specials and all other handguns in that frank conversation.
And all along here we have been repeatedly told that the antis were only after our Saturday Night Specials.
If your preference is a handgun, it will have to meet stricter manufacturing standards aimed at outlawing cheap Saturday night specials.
A Valencia handgun manufacturer - one of six Southland firms that have produced 80 percent of the nation's small-caliber Saturday night specials - has filed for bankruptcy.
According to the Post, "Aimed at cheap easily concealable weapons known as Saturday Night Specials, the law would create a nine-member board--appointed by the governor and including two gun industry representatives -- that would decide which handguns are legitimate for sporting use and self-defense.
That announcement came as the Governor's Office said he will sign into law a measure seeking to ban the production and sale of cheap weapons known as Saturday night specials.
Gray Davis said he likely will sign legislation that would restrict cheaply made guns, known as Saturday night specials, and require trigger locks and warning labels on all guns sold in the state.