Rump

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Rump

Usually used in the context of a merger or acquisition. A group of shareholders who refuse to tender their shares for a merger or acquisition. In a merger of Company A and Company B for example, if a sufficient number of Company B shareholders do not tender their shares, the new company will not be able to access the cash flows of Company B.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Rump

In a merger or acquisition, the shareholders who refuse to sell their stock. If the merger or acquisition is successful, the rump becomes powerless; however, refusal to sell can deprive the acquiring company from some of the company's cash flow. This can discourage the acquiring company from completing the merger or acquisition in the first place.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
Serve the lamb rumps with the mint chutney and yoghurt dressing, sprinkled with the pistachio nuts.
To cook the rump, heat the vegetable oil in a large frying pan and cook the meat skin side down for 6-8 minutes.
To explore the role of female baboons' rumps in reproduction, Domb pieced together the reproductive histories of the Gombe females.
Slice each rump of lamb into five and arrange at the front of each plate.
After next May's elections when UKIP win seats in Kirklees I hope that the new "rumps" will be treated as human beings and not as "racists" as many political exponents refer to them.
Previous work had shown that coqui frogs still need the hormone to form proper rumps, but biologists had speculated that it had little other function.