shark

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Shark

A company that is offering or executing a hostile takeover. If a firm makes an offer to shareholders to acquire a publicly-traded company after the board of directors refused, or if it bypasses the board completely, one refers to the acquiring firm as a shark. This is a derogatory term, and so one might expect the board, management, or even employees, to use it more than shareholders. See also: Shark repellent.

shark

An investor or firm that is hostile to the target firm's management and that is interested in taking over the firm.
References in periodicals archive ?
Once the galleries left, there remained yet another patch of Manhattan that only the rich could afford, one less place where a young artist without sharklike career instincts could hole up for twenty years and develop something genuinely interesting.
Because the wings were too thin to accommodate the landing wheels, they were designed to retract into the fuselage, giving the aircraft its characteristic sharklike triangular cross section.
8 The largest predator ever is the newly-discovered carcharodontosaurus a45 feet long sharklike reptile.
The singing displays few aesthetic gifts, but the boys' smiles are rather sharklike. Maybe another quarter is dropped in another hat, maybe not.
It continued to look quintessentially, aloofly sharklike, all precision and purpose and grace.