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Corporate raid

Index Corporate raid

In business, a corporate raid is the process of buying a large stake in a corporation and then using shareholder voting rights to require the company to undertake novel measures designed to increase the share value, generally in opposition to the desires and practices of the corporation's current management. [1]

67 relations: Activist shareholder, Asher Edelman, Asset stripping, Balance sheet, Beazer, Carl Icahn, Chapter 11, Title 11, United States Code, Chevron Corporation, Danny DeVito, Debt, Drexel Burnham Lambert, Eli M. Black, Food Fair, Forstmann Little & Company, Golden parachute, Gordon Gekko, Grand Theft Auto V, Greenmail, Gregory Peck, Gulf Oil, Harold Simmons, High-yield debt, Holding company, Initial public offering, James Goldsmith, Julia Roberts, Kirk Kerkorian, Koppers, Layoff, Leverage (finance), Leveraged buyout, Liquidation, MacAndrews & Forbes, Max Factor, Michael Douglas, Michael Milken, Nelson Peltz, Other People's Money, Pension fund, Pretty Woman, Procter & Gamble, Public company, Revlon, Richard Gere, Robert Bass, Ronald Perelman, Saul Steinberg (businessman), Shareholder rights plan, Sharon Steel Corporation, St. Louis Magazine, ..., T. Boone Pickens, Takeover, Technicolor, The New York Times, The Predators' Ball, The Wall Street Journal, The Wendy's Company, Time (magazine), Trans World Airlines, U.S. Steel, USA Today, Venture capital, Victor Posner, Wall Street (1987 film), Wall Street: Money Never Sleeps, White knight (business), 60 Minutes. Expand index (17 more) »

Activist shareholder

An activist shareholder is a shareholder that uses an equity stake in a corporation to put pressure on its management.

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Asher Edelman

Asher Barry Edelman (born November 26, 1939) is an American financier.

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Asset stripping

Asset stripping is a term used to refer to the practice of selling off a company's assets in order to improve returns for equity investors.

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Balance sheet

In financial accounting, a balance sheet or statement of financial position is a summary of the financial balances of an individual or organization, whether it be a sole proprietorship, a business partnership, a corporation, private limited company or other organization such as Government or not-for-profit entity.

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Beazer

Beazer was a family business for six generationsC.H.Beazer (Holdings) Prospectus, July 1973 before expanding in the 1980s into international housing, construction and building materials group.

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Carl Icahn

Carl Celian Icahn (born February 16, 1936) is an American businessman, investor, and philanthropist.

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Chapter 11, Title 11, United States Code

Chapter 11 is a chapter of Title 11, the United States Bankruptcy Code, which permits reorganization under the bankruptcy laws of the United States.

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Chevron Corporation

Chevron Corporation is an American multinational energy corporation.

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Danny DeVito

Daniel Michael DeVito Jr. (born November 17, 1944) is an American actor and filmmaker.

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Debt

Debt is when something, usually money, is owed by one party, the borrower or debtor, to a second party, the lender or creditor.

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Drexel Burnham Lambert

Drexel Burnham Lambert was a major Wall Street investment banking firm that was forced into bankruptcy in February 1990 due to its involvement in illegal activities in the junk bond market, driven by Drexel employee Michael Milken.

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Eli M. Black

E.

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Food Fair

Food Fair, also known by its successor name Pantry Pride, was a large supermarket chain in the United States.

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Forstmann Little & Company

Forstmann, Little & Company was a private equity firm, specializing in leveraged buyouts (LBOs).

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Golden parachute

A golden parachute is an agreement between a company and an employee (usually upper executive) specifying that the employee will receive certain significant benefits if employment is terminated.

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Gordon Gekko

Gordon Gekko is a fictional character in the 1987 film Wall Street and its 2010 sequel Wall Street: Money Never Sleeps, both directed by Oliver Stone.

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Grand Theft Auto V

Grand Theft Auto V is an action-adventure video game developed by Rockstar North and published by Rockstar Games.

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Greenmail

Greenmail or greenmailing is the action of purchasing enough shares in a firm to challenge a firm's leadership with the threat of a hostile takeover to force the target company to buy the purchased shares back at a premium in order to prevent the potential takeover.

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Gregory Peck

Eldred Gregory Peck (April 5, 1916 – June 12, 2003) was an American actor, one of the most popular film stars from the 1940s to the 1960s.

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Gulf Oil

Gulf Oil was a major global oil company from 1901 to 1981.

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Harold Simmons

Harold Clark Simmons (May 13, 1931 – December 29, 2013) was an American businessman, investor, and philanthropist whose banking expertise helped him develop the acquisition concept known as the leveraged buyout (LBO) to acquire various corporations.

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High-yield debt

In finance, a high-yield bond (non-investment-grade bond, speculative-grade bond, or junk bond) is a bond that is rated below investment grade.

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Holding company

A holding company is a company that owns other companies' outstanding stock.

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Initial public offering

Initial public offering (IPO) or stock market launch is a type of public offering in which shares of a company are sold to institutional investors and usually also retail (individual) investors; an IPO is underwritten by one or more investment banks, who also arrange for the shares to be listed on one or more stock exchanges.

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James Goldsmith

Sir James Michael Goldsmith (26 February 1933 – 18 July 1997), a member of the prominent Jewish Goldsmith family, was an Anglo-French financier, tycoonBillionaire: The Life and Times of Sir James Goldsmith by Ivan Fallon and politician.

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Julia Roberts

Julia Fiona Roberts (born October 28, 1967) is an American actress and producer.

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Kirk Kerkorian

Kerkor "Kirk" Kerkorian (June 6, 1917 – June 15, 2015) was an American businessman, investor, and philanthropist.

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Koppers

Koppers is a global chemical and materials company based in Pittsburgh, Pennsylvania, United States in an art-deco 1920s skyscraper, the Koppers Tower.

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Layoff

A layoff is the temporary suspension or permanent termination of employment of an employee or, more commonly, a group of employees (collective layoff) for business reasons, such as personnel management or downsizing an organization.

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Leverage (finance)

In finance, leverage (sometimes referred to as gearing in the United Kingdom and Australia) is any technique involving the use of borrowed funds in the purchase of an asset, with the expectation that the after tax income from the asset and asset price appreciation will exceed the borrowing cost.

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Leveraged buyout

A leveraged buyout (LBO) is a financial transaction in which a company is purchased with a combination of equity and debt, such that the company's cash flow is the collateral used to secure and repay the borrowed money.

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Liquidation

In United Kingdom, Republic of Ireland and United States law and business, liquidation is the process by which a company is brought to an end.

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MacAndrews & Forbes

MacAndrews & Forbes Incorporated is an American diversified holding company wholly owned by billionaire investor Ronald Perelman.

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Max Factor

Max Factor is a line of cosmetics from Coty, Inc..

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Michael Douglas

Michael Kirk Douglas (born September 25, 1944) is an American actor and producer.

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Michael Milken

Michael Robert Milken (born July 4, 1946) is an American former financier and philanthropist.

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Nelson Peltz

Nelson Peltz (born June 24, 1942) is an American billionaire businessman and investor.

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Other People's Money

Other People's Money is a 1991 American comedy-drama film starring Danny DeVito, Gregory Peck and Penelope Ann Miller.

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Pension fund

A pension fund, also known as a superannuation fund in some countries, is any plan, fund, or scheme which provides retirement income.

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Pretty Woman

Pretty Woman is a 1990 American romantic comedy film directed by Garry Marshall from a screenplay by J. F. Lawton.

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Procter & Gamble

Procter & Gamble Co. (P&G) is an American multi-national consumer goods corporation headquartered in downtown Cincinnati, Ohio, founded in 1837 by British American William Procter and Irish American James Gamble.

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Public company

A public company, publicly traded company, publicly held company, publicly listed company, or public corporation is a corporation whose ownership is dispersed among the general public in many shares of stock which are freely traded on a stock exchange or in over the counter markets.

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Revlon

Revlon, Inc. is an American multinational cosmetics, skin care, fragrance, and personal care company founded in 1932 and based in New York City.

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Richard Gere

Richard Tiffany Gere (born August 31, 1949) is an American actor and humanitarian activist.

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Robert Bass

Robert Muse Bass (born 1948) is an American billionaire businessman and philanthropist.

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Ronald Perelman

Ronald Owen Perelman (born January 1, 1943) is an American businessman, investor, and philanthropist.

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Saul Steinberg (businessman)

Saul Phillip Steinberg (August 13, 1939December 7, 2012) Note that this source, and the majority, spell his middle name Phillip, while others spell it Philip.

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Shareholder rights plan

A shareholder rights plan, colloquially known as a "poison pill", is a type of defensive tactic used by a corporation's board of directors against a takeover.

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Sharon Steel Corporation

The Sharon Steel Corporation was a steel plant company located in Farrell and Sharon, Pennsylvania, and is notable due to its contribution toward the growth of the iron and steel industry in the Shenango River Valley, Mercer County, Pennsylvania.

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St. Louis Magazine

St.

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T. Boone Pickens

Thomas Boone Pickens Jr. (born May 22, 1928), known as T. Boone Pickens, is an American business magnate and financier. Pickens chairs the hedge fund BP Capital Management. He was a well-known takeover operator and corporate raider during the 1980s. As of November 2016, Pickens has a net worth of $500 million.

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Takeover

In business, a takeover is the purchase of one company (the target) by another (the acquirer, or bidder).

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Technicolor

Technicolor is a series of color motion picture processes, the first version dating from 1916, and followed by improved versions over several decades.

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The New York Times

The New York Times (sometimes abbreviated as The NYT or The Times) is an American newspaper based in New York City with worldwide influence and readership.

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The Predators' Ball

The Predators' Ball: The Inside Story of Drexel Burnham and the Rise of the Junk Bond Raiders, by Wall Street Journal writer Connie Bruck, largely recounts the rise of Michael Milken, his firm Drexel Burnham Lambert, and the leveraged buyout boom they helped to fuel in the 1980s.

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The Wall Street Journal

The Wall Street Journal is a U.S. business-focused, English-language international daily newspaper based in New York City.

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The Wendy's Company

The Wendy's Company is an American holding company for the major fast food chain, Wendy's.

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Time (magazine)

Time is an American weekly news magazine and news website published in New York City.

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Trans World Airlines

Trans World Airlines (TWA) was a major American airline from 1924 until 2001.

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U.S. Steel

United States Steel Corporation, more commonly known as U.S. Steel, is an American integrated steel producer headquartered in Pittsburgh, Pennsylvania, with production operations in the United States, Canada, and Central Europe.

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USA Today

USA Today is an internationally distributed American daily, middle-market newspaper that serves as the flagship publication of its owner, the Gannett Company.

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Venture capital

Venture capital (VC) is a type of private equity, a form of financing that is provided by firms or funds to small, early-stage, emerging firms that are deemed to have high growth potential, or which have demonstrated high growth (in terms of number of employees, annual revenue, or both).

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Victor Posner

Victor Posner (September 18, 1918 – February 11, 2002) was an American businessman.

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Wall Street (1987 film)

Wall Street is a 1987 American drama film, directed and co-written by Oliver Stone, which stars Michael Douglas, Charlie Sheen, and Daryl Hannah.

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Wall Street: Money Never Sleeps

Wall Street: Money Never Sleeps (also known as Wall Street 2 or Wall Street 2: Money Never Sleeps) is a 2010 American drama film directed by Oliver Stone, a sequel to Wall Street (1987).

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White knight (business)

In business, a white knight is a friendly investor that acquires a corporation at a fair consideration with the support from the corporation's board of directors and management.

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60 Minutes

60 Minutes is an American newsmagazine television program broadcast on the CBS television network.

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Corporate raider, Corporate raiding.

References

[1] https://en.wikipedia.org/wiki/Corporate_raid

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