zombie Definition

zombie

Definition

A bankrupt or insolvent company which continues to operate while it awaits a closure or merger.

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Popular 'Mergers & Acquisitions' Terms

acquisition
letter of intent
golden parachute
backward integration
merger

affiliate
mezzanine debt
tender offer
reverse merger
consolidation

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... part of the Mergers & Acquisitions subject.

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Review the unprecedented moves the Fed & Treasury took to bring the financial markets back from the precipice