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 ?
Regarding another front, Baker said, "I think in light of the anti-gunners' victory in the Maryland referendum, we can expect to see some Saturday Night Special proposals at the federal level.
The Maryland Law -- and other such state Saturday Night Special laws which could be passed in the wake of this one -- raise serious questions about unintentional and/or technical violations.
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.
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.
Lawmakers believe Davis will also be more likely to sign gun control legislation that stiffens regulations against assault weapons and the sale of cheap handguns known as Saturday night specials.
The proposed ordinance would bar gun dealers from selling cheaply made handguns, called Saturday night specials, in unincorporated areas of the county, where nearly 1 million people live.
The State Supreme Court recently refused to hear an appeal of the city of West Hollywood's ban on Saturday night specials, a decision local gun control advocates say vindicates their position.
Guns, especially Saturday night specials, have been the scourge of this county .
Los Angeles County Supervisor Zev Yaroslavsky and Sheriff Lee Baca will announce plans today for a county ordinance to ban the sale of cheap handguns, known as Saturday Night Specials, in unincorporated areas, Yaroslavsky aide Joel Bellman said Tuesday.
Assembly Bill 1500, now awaiting your signature, is this year's attempt to ban junk guns, also known as Saturday night specials.
Luis Tolley, a gun-control advocate, praises Davis for his proactive role, especially on SB 15, the Saturday night special bill.