war chest


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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.
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A still from Toy |Soldiers: War Chest - Hall of Fame Edtion and the box cover, right
We present three alternative mechanisms to explain how an incumbent's war chest might deter entry.
He has a campaign war chest of $19,396, including $5,396 in contributions and $14,000 in loans.
Hashem wrote that Iraq's ex-Revolutionary Command Council issued the decree to create a war chest for Saddam's Ba'ath Party.
Dan Branch, R-Dallas, who is eyeing the attorney general's office, announced that his campaign was adding heavily to its war chest.
Rafa Benitez has been promised a pounds 40m war chest by the American owners and plans to spend every cent.
Ed Colley raised about $25,000 for his campaign, and Heidt's total war chest was about $5,800.
25bn to theconflict, bringing the total war chest to pounds 3bn.
Mr Sykes, a backer of the Democracy Movement, has reputedly put aside a war chest of pounds 20 million to try to force the Government to hold a referendum.
While Mavesa assures it is ready to use its war chest to expand its operations, Sucre insists the company will not be hurried.
The cash raised will fund further organic growth as well as go into a war chest for acquisitions in the UK and Germany.
I believe Linda and I are taking the heat for Dollar's mismanagement of the franchisees because nobody wants to go head to head with a large publicly-traded company with a huge legal war chest.