Idioms Flashcards
an organization or a person that attempts to exploit a company with undervalued assets by making a hostile takeover bid
raider
to squeeze the directors into submission
bear hug
when a firm or investor aims to buy a substantial holding in a takeover-target company’s equity by instructing brokers to buy the shares as soon as the stock markets open
down raid
a sudden attempt by one company to take over another one by making a public tender offer
saturday night special
a company that tries to take control of another company by offering to buy large numbers of its shares
black knight
a company that offers the target firm (the maiden) a way out with a friendly takeover
white knight
buying a minority interest in a firm targeted by a black knight, a white knight, not big enough to buy a majority interest, helps out the targeted firm quite a bit with the influx of capital but does not guarantee a successful defense
white squire
strategies that company can use when it doesn’t want to be taken over, includes affecting the value of the target’s stock in some way
shark repellent
discouraging an unwanted takeover by offering lucrative benefits to the current top executives who may lose their job if the company is taken by another firm
golden parachute
occurs when a large block of stock is held by an unfriendly company or rather who then forces the target company to repurchase the stock at a substantial premium to destroy any takeover attempt
greenmail
when management threatens that in the event of a takeover, the management team will resign in the same time
people pill
the target company aims at making its owns stock less attractive to the acquire
poison pill
allows exciting shareholders to buy more shares at a discount and the goal is to dilute the shares held by the bidder and make the takeover bid more expensive and difficult
flip-in poison pill
allows the stockholders to buy the acquirer’s shares at a discounted price in the event of merger
flip-over poison pill
the takeover-target company may take actions which may lead to its ultimate destruction
suicide pill
a tactic by which the target company issues a large number of bonds that come with the guarantee that they will be redeemed at a higher price if the company is taken over
macaroni defense
a firm of risk arbitrage and anti-takeover strategy when a target firm implements this provision, it will make an effort to make in unattractive to the hostile bidder
scorched-earth defense
valuable assets
crown jewels
when the board of the directors of the target company meets to consider the bid, the “just say no”
nancy reagan defense
when a company that is under a hostile takeover acquires its would-be buyer
pac-man defense
to not be able to continue an activity or do something you want to do
against a brick wall
in someone’s care; as someone’s responsibility
on your doorstep
to enjoy yourself by going to things like parties or dances
on the tiles
to produce the basic ideas or structures from which something much larger develops
laid the foundation
to complete the first step in a process
a foot in the door
to suddenly become very angry
hit the roof
illegally or dishonestly
through the back door
like a great weight or burden
like a ton of bricks
a broad general view or description of a problem
ten thousand foot view
the last possible moment that you can do something
the eleventh hour
be very successful, have a perfect record
be a thousand
at a disadvantage
behind the eight ball
a new strength or energy to continue something that is an effort
second wind
to hold back in one’s criticism
pull the punches
not fair
below the belt
doing badly and likely to fall
on the ropes
saved by the timely intervention of someone or something
saved by the bell
to signal that one is going to quit; to quit
throw in the towel
changing the terms of a debate or a conflict after it has started
keep moving the goalposts