A stock rumored to be the target of a takeover bid, drawing speculators who hope to make a profit after the takeover is completed.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
Stock in a company rumored to be the target of a hostile takeover. Investments in whisper stocks can be highly speculative because the rumor may turn out to be false. Furthermore, if one knows the rumor to be true for a fact and buys or sells the whisper stock accordingly, one may be guilty of insider trading.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
Shares in a firm that is rumored as a takeover target.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.