war chest


Also found in: Dictionary, Thesaurus, Idioms, Wikipedia.

War chest

Cash kept aside for a takeover or for defense against a takeover bid.

War Chest

Informal; money a corporation sets aside to pay for or defend against a hostile takeover. A war chest is highly liquid, and while it can cut into short-term profits, it may open up investment opportunities for the long-term. The term is commonly used in journalism.

war chest

Liquid assets accumulated by a firm to use in a potential acquisition or in defending itself against a takeover attempt. A substantial war chest adds security and enhances investment opportunities but is likely to be a drain on short-term profitability.
Mentioned in ?
References in periodicals archive ?
A still from Toy |Soldiers: War Chest - Hall of Fame Edtion and the box cover, right
THANK HOD FOR THAT: Glenn Hoddle has been handed a summer war chest
He said: "The crucial point about the refinancing is that we now have a renewed war chest for further expansion.
The centre has been given a R35m war chest, most of which is being spent on top-level information technology and recruiting a staff of 35 highly-skilled personnel.
Microsoft's operating system and applications monopolies are the company's cash cows and give it a war chest that has no serious competitor: The company has billions in cash reserves--and Redmond recently reported a profit while the rest of the industry was reeling.
They are also raising money for a legal war chest should the Bennett plant be given ministry approval without the benefit of extensive and wide-ranging public hearings.
The company is on-plan to become a "drinks focused" company, and the sale will bolster its war chest for future acquisitions in the beverage sector.
Helms's dwindling reelection war chest has many speculating that this term may be his last.
Local man runs for Congress on his own dime, relying on neither a war chest nor wealthy contributors.
Cash functions as a lubricant to operate efficiently and, in some instances, as a war chest for maximum acquisition flexibility.
Research by the Liberal Democrats shows that Mr Brown now has a massive pounds 35billion in his war chest.
For example, a direct writer intent on building a war chest for acquisitions might seek reinsurance to free up capital efficiently, quietly and at little cost by ceding business that has been on its books, Woodring said.