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Often used in risk arbitrage. Firm specializing in the early detection of takeover activity. Such a firm, whose primary business is usually the solicitation of proxies for client corporations, monitors trading patterns in a client's stock and attempts to determine the identity of parties accumulating shares.
A specialist or firm that specializes in early detection of hostile takeovers. Client corporations hire shark watchers to monitor trade patterns and see what companies might be accumulating shares. Common clients include firms concerned about a possible takeover and third-party firms interested in engaging in risk arbitrage. A shark watcher's primary business is often the solicitation of proxies from shareholders. See also: Antitakeover measure.
A company that monitors market rumors and trading activity in an effort to identify takeover attempts.