Crown jewels
An anti-takeover tactic in which major assets - the crown assets - are sold by the target when faced with a takeover threat ...
crown jewels
the most desirable entities within a diversified corporation as measured by asset value, earning power and business prospects.
Crown Jewels - The most valuable unit(s) of a corporation, as defined by characteristics such as profitability, asset value and future prospects.
Crown Jewels In some countries a company calls its precious assets as crown jewels to depict the greed of the acquirer under the takeover bid. These precious assets attract the raider to bid for the company's control.
Sale Of Crown Jewels
A takeover-defense tactic that involves the sale of the target company's prized and most coveted assets - the "crown jewels" - so as to reduce its attractiveness to the hostile bidder.
For example, it may agree to sell off its crown jewels, or schedule all debt to become due immediately after a merger. S Corporation A corporation that elects not to be taxed as a corporation.
See also Any-And-All Bid; Arbitrageur; Asset Stripper; Bear Hug; Blitzkreig Tender Offer; Bust-Up Takeover; Cram-Down Deal; Crown Jewels; Dawn Raid; Deal Stock; Fair-Price Amendment; Gap Opening; Garbatrage; Godfather Offer; Golden Parachute; ...
Privilege offered a white knight (friendly acquirer) by a target company to buy crown jewels or additional equity. The aim is to discourage a hostile takeover. Sometimes referred to as Shark repellent.
Lombard rate ...
Often used in risk arbitrage. Privilege offered a White Knight (friendly acquirer) by a target company of buying crown jewels or additional equity. The aim is to discourage a hostile takeover. See: shark repellant
Log-linear least-squares method ...
Lockup option
Often used in risk arbitrage. Privilege offered a white knight (friendly acquirer) by a target company to buy crown jewels or additional equity. The aim is to discourage a hostile takeover. See: Shark repellent.
Any technique a company that has become the target of a takeover attempt uses to make itself unattractive to the acquirer. For example, it may agree to sell off its crown jewels, or schedule all debt to become due immediately after a merger.
 See also: Target company, Banks, Expense, Regression, Shark repellent
  
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