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


46

Random Words:

1. Nickname of 240zx, 300zx, and 350zx by Nissan. Did you see that z car that just passed us?..
1. A Catholic Pedophile Apologist is a person who makes excuses about pedophiles who are catholics. It doesn't matter whether these ..
1. Implies that you suck. Expecially if you are named Sam Aparo. You fucking suck! Bryan: Hey Sam! Sam: I fucking Suck! Bryan: YEAH! Se..