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.

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.

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.
References in periodicals archive ?
He won't also have to wear the crown jewels, but if his sister, Princess Charlotte, becomes queen, she might have to wear it during her coronation.
What should rouse the envy of Filipinos is the practice in other countries of merely permitting the long-term lease of their crown jewel, instead of selling them outright.
The Crown Jewels, considered priceless, only date back to the coronation of Charles II - long after Edward was killed.
Replicas of the Crown Jewels were made around the time of Queen Elizabeth's Coronation in order to travel and to be shown to the Commonwealth countries.
Privately, however, senior executives at the WRU are seriously concerned at the potential impact of the Crown Jewels recommendation on the grassroots game.
But privately, senior executives at the WRU are seriously concerned at the potential impact of the crown jewels recommendation on the grass-roots game.
The crown jewels are priceless crowns and other objects used at royal ceremonies such as coronations.
While the 'nephew' was getting to know the daughter the others wanted to see the crown jewels.
Joe David, a yeoman warder of the Tower of London, was guest speaker at the group's January meeting and his "Baubles and Beads" talk included a history of the Crown Jewels and the coronation robes.
The Crown Jewels is the only proper way to comprehensively present such sonic pageantry.
CSPI also released a 27-page report, Protecting the Crown Jewels of Medicine.
Fabrics inspired by estate jewelry include Crown Jewels, a small scale all-over gem stone design and Loose Stones, a miniature version of Crown Jewels.