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 ?
Most handguns used in crime are not Saturday Night Specials but relatively expensive, high-quality weapons from mainline manufacturers like Smith & Wesson, Colt, Ruger and Mossberg.
What greater charity, what more urgent cause than to get AK-47s and Saturday night specials out of the mainstream of American life?
For those planning a visit, South Bend's Ramada Inn has Friday and Saturday night specials from now until April for $99.
Undoubtedly it was those short, easily hidden, small-caliber guns often referred to as "Saturday Night Specials," right?
THE summer holidays may be over but Big Mouth's comedy capers crack on, with a brand new season of Saturday night specials kicking off at Middlesbrough Town Hall and Saltburn's Spa Hotel tomorrow night.
Presumably, an equally arbitrary federal ban on "Saturday night specials" (inexpensive handguns) also would meet his standard.
Having won a majority in the 1998 elections, they're pushing for a strong gun-control package that includes a tight ban on assault weapons (unlike the tepid assault weapons ban passed by Congress in 1994), a ban on Saturday Night Specials and an extensive child-safety trigger lock measure that surpasses the one moving through Congress.
It has nothing to do with handguns or Saturday Night Specials. They want all weapons eliminated from this country."
However, he opposes the sale and distribution of 'Saturday Night Specials,' and voted to ban these particular guns in 1972." Hollings also is a sponsor of federal legislation which would reform the Gun Control Act of 1968 in order to stop that law's civil liberties abuse.
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.