Stalking-horse Bid

What is Stalking-horse Bid?


1.

An initial offer on a bankrupt company's assets by a potential buyer choosen by the fallen company.

Pete: I heard Cogswell Cog's is going bankrupt.

John: Yes, I heard Spacely Sprockets put a bid in to buy them.

Pete: Yeah I heard that too... but the way I heard it, Spacey just put in a stalking-horse bid and may not want Cogswell at all.

See liquidation, bankruptcy


0

Random Words:

1. An expression used to indicate the level of someone's anger. Sheila is really pissed today. Her rage gauge must be redlining. See..
1. AKA Old Man Strength. Usually in Wyoming or some similar place, old men sit around in bars and drink. Young bucks come into town stirrin..
1. Adidas shoes with the toe of the shoe that is a large rubber cap that has lines running along it, making it look like a shell. Found com..