asset-stripping

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asset-stripping

Commerce the practice of taking over a failing company at a low price and then selling the assets piecemeal
References in periodicals archive ?
Ansett's administrators are reportedly considering launching legal action against Air New Zealand for alleged asset stripping and alleged inappropriate charging of fuel and other operating costs.
The list has been compiled to identify whether asset stripping has been taking place.
The Union stated that Grupo Mexico's asset stripping and poor management of Asarco set the stage for the bankruptcy filing.
VINCE Cable yesterday threatened to change the law to stop US drugs giant Pfizer asset stripping Astra-Zeneca in a PS63billion takeover.
They all should be put on a protected list to stop Yorkshire Water and future water boards from asset stripping the valuable stone and replacing them with cheaper alternatives.
DISGRACED former Rangers owner Craig Whyte was disqualified from being able to hold a directorship after being accused of asset stripping two companies, the Record can reveal.
And he insisted this was not an exercise in asset stripping, but a business plan to take the stadium, Wrexham FC and the Crusaders rugby league club forward.
The agency said that recoveries were poor because of an unpredictable bankruptcy regime, Russia's political and business conflicts, asset stripping, uncertain shareholder support and risky credit profile of the banking sector.
Private equity brings "a lot of benefits" to the UK economy, Tony Blair insisted yesterday as unions escalated protests against alleged asset stripping.
He and his puppet Ridsdale, and maybe others, are hell bent on the asset stripping of the club, to pay for Hammam's mismanagement and next season Dave Jones will carry the can when we go down with rubbish players.
Amicus have warned that the sale, thought to be to a financial institution could lead to asset stripping and the loss of jobs at the company's plants in Rugby, Kidsgrove and Glasgow, employing more than 1,000 employees.
The consortium, believed to be headed by former Bradford chairman Geoffrey Richmond, insist they have the best interests of the club at heart and issued a statement of their own to pacify fans concerned at the potential for asset stripping.