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Individual or corporate investor who intends to take control of a company (often ostensibly for greenmail) by buying a controlling interest in its stock and installing new management. Raiders who accumulate 5% or more of the outstanding shares in the target company must report their purchases to the SEC, the exchange of listing, and the target itself. See: takeover.

Corporate Raider

A person or company that is offering or executing a hostile takeover by buying shares directly from shareholders. If a firm makes an offer to shareholders to acquire a publicly-traded company after the board of directors refuses, or if it bypasses the board completely, one refers to the acquiring firm as a corporate raider. Often, the corporate raider does not actually intend to take over the target company, but is simply trying to force the board of directors to repurchase shares at a premium to their market value. A corporate raider that accumulates more than 5% of a company's outstanding shares must register with the SEC. It is also known simply as a raider. See also: Greenmail, Premium raid.


A person or firm that attempts a takeover of a company. Also called corporate raider. Compare target company, white knight. See also greenmail, junk financing, shark repellent.
References in periodicals archive ?
Veteran announcer Beth Mowins returns to handle the play-by-play duties for Raiders pre-season games.
Raider Nation: A collective term for all Raiders fans.
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If the Raiders put five Mosses out in a pass pattern, maybe Kerry Collins would throw it to one of them.
The Raiders are no less enthusiastic about Moss' ability to reverse their fortunes.
The pairing of the Raiders and Moss appears to be a match made in purgatory, or at least in the Black Hole, and should do wonders to energize the Raiders' fan base, which turned out in fewer numbers as last season wore on.