crown jewel

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Crown jewel

A particularly profitable or otherwise particularly valuable corporate unit or asset of a firm. Often used in risk arbitrage. The most desirable entities within a diversified corporation as measured by asset value, earning power, and business prospects; in takeover attempts, these entities typically are the main objective of the acquirer and may be sold by a takeover target to make the rest of the company less attractive. See: Scorched earth policy.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Crown Jewel

1. A particularly valuable or important asset that a company owns. For example, a car manufacturer's three best producing factories may be considered its crown jewels.

2. Describing an antitakeover measure in which a company sells many or all of its crown jewel assets. A crown jewel policy is designed to make the company less attractive to potential acquirers. The obvious disadvantage to a crown jewel policy is the possibility that, even if the company remains independent, the lack of its crown jewels may render it unable to maintain its operations easily. It is a type of scorched earth policy. See also: Poison pill, Suicide pill.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

crown jewel

1. A prized asset of a company.
2. Used to refer to a part of a business that is sought by another firm or an investor in a takeover attempt that is hostile to the target firm's management. Compare scorched earth.
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 ?
Hogan didn't address any of the controversy surrounding his exit at Crown Jewel but saluted his fans and expressed his delight at being back in the ring.
These so-called crown jewels are the prized real estate belonging to the government of any country.
The Gibson Monarch Crown Jewel Edition, first created in mid-1990s, has become the ultimate custom edition of Gibson's world famous Super Jumbo acoustic guitar.
"The indications we have been given is our crown jewels will be shown on the main ITV channel," he said.
'Iran always looks at Bahrain as the crown jewel,' Shaikh Khalid was quoted as saying by the official Egyptian news agency Mena, adding it is the entry point into the Gulf.
"Iran always looks at Bahrain as the crown jewel," Shaikh Khalid was quoted as saying by the official Egyptian news agency MENA, adding it is the entry point into the Gulf.
"Iran has always looked at Bahrain as the crown jewel. It is the entry point into the Arab Gulf," the official Egyptian news agency MENA quoted Khalifa as saying.
All work with an understated elegance, constantly creating a fluent setting for their crown jewel.
Her crown jewel, however, was Villa Lewaro, a $250,000, 20-room Georgian mansion on the Hudson River.
Mexico is software giant IBM's crown jewel in Latin America and the newest gem in that crown is the 500-member software-developing team in Guadalajara, the first of Big Blue's Latin American operations to earn top marks in the Capability Maturity Model (CMM), considered to be the highest software-engineering benchmark in the world.
The Titan is aimed squarely at Ford's crown jewel, the F-150, while the Pathfinder Armada takes on the full-size SUV crowd; specifically the Ford Expedition, Chevy Tahoe, GMC Yukon, and Toyota Sequoia.
Pen Systems is expecting even better news in the near future and is actively working on a large joint account with Municipal Software for a major sale to what Leith will only describe as a "crown jewel city" in North America.