shark(redirected from Sharkes)
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Related to Sharkes: Great white sharks
A company that is offering or executing a hostile takeover. If a firm makes an offer to shareholders to acquire a publicly-traded company after the board of directors refused, or if it bypasses the board completely, one refers to the acquiring firm as a shark. This is a derogatory term, and so one might expect the board, management, or even employees, to use it more than shareholders. See also: Shark repellent.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
An investor or firm that is hostile to the target firm's management and that is interested in taking over the firm.
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.