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.