raider
Definition
An individual or entity attempting to acquire enough equity in a target company to assume a controlling interest, usually through a hostile takeover bid. Such an interest allows the raider to replace the existing management with his own representatives, completing the takeover. A raider would typically target a company with undervalued assets, which would be relatively inexpensive to take over. Once the raider has accumulated 5% of the shares in a company, he/she must report this fact to the SEC and the target company.
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Related terms:
dawn raid, asset stripper, greenmail
'raider' appears in the definitions of these other terms on BusinessDictionary.com:
greenmail, poison pill, black knight, hostile takeover
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