SATURDAY NIGHT SPECIAL

Saturday Night Special: translation

An obsolete takeover strategy where one company attempted a takeover of another company by making a sudden public tender offer, usually over the weekend. This merger and acquisition (M&A) technique was popular in the early 1970s when the Williams Act required only seven calendar days between the time that a tender was publicly announced and its deadline. Catching the target company off guard and over the weekend, effectively reducing its time for a response, often afforded the acquiring company an advantage.

A tender offer is basically an attempt to takeover control of a company by asking shareholders to sell their shares at a specified price (usually above market). If enough shareholders sell their shares, the takeover is complete. The Saturday Night Special was effective when the Williams Act required a minimum of seven days between the public announcement of the tender and its deadline. When the time period was extended to 20 days, this technique failed to be the quick strike it was originally intended to be. In addition, acquisitions of 5% or more of equity now need to be disclosed to the Securities Exchange Commission (SEC).

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SAUCER →← SATISFICING

Смотреть что такое SATURDAY NIGHT SPECIAL в других словарях:

SATURDAY NIGHT SPECIAL

1) *специальное субботнее предложение*а) фин., упр., амер., разг. (внезапная попытка поглощения компании путем размещения предложения купить акции по ф... смотреть

SATURDAY NIGHT SPECIAL

Saturday night special: translationSaturday night speciala small, easily obtainable pistol. • There was another killing last night with a Saturday nigh... смотреть

SATURDAY NIGHT SPECIAL

{͵sætədınaıtʹspeʃ(ə)l} 1) сильно уценённый товар; цена на субботней распродаже; ≅ дешёвка 2) сл. дешёвый карманный пистолет

SATURDAY NIGHT SPECIAL

Saturday night special: translation Often used in risk arbitrage. Sudden attempt by one company to take over another by making a public tender offer... смотреть

SATURDAY NIGHT SPECIAL

[͵sætədınaıtʹspeʃ(ə)l]1) сильно уценённый товар; цена на субботней распродаже; ≅ дешёвка2) сл. дешёвый карманный пистолет

SATURDAY NIGHT SPECIAL

Saturday night special n AmE sl There was another killing last night with a Saturday night special Вчера произошло еще одно убийство из пистолета, который продают на каждом углу... смотреть

SATURDAY NIGHT SPECIAL

Saturday night special [͵sætədınaıtʹspeʃ(ə)l] 1) сильно уценённый товар; цена на субботней распродаже; ≅ дешёвка 2) сл. дешёвый карманный пистолет

SATURDAY NIGHT SPECIAL

n AmE sl There was another killing last night with a Saturday night special — Вчера произошло еще одно убийство из пистолета, который продают на каждом углу... смотреть

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