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 ?
He warned he had discussed LDV's future with Russian owners and Swedish managers - but was now in talks with Chinese asset-strippers.
FORMER Jaguar boss MP Geoffrey Robinson is hoping asset-strippers don't move in to buy the luxury car maker.
Private equity companies, which last year were responsible for one fifth of last year's pounds l,900bn-worth of mergers and acquisition, have come under the spotlight recently with unions condemning them as corporate raiders or asset-strippers, only interested in quick profits.
VILLA's pounds 7 million land sale this week was done to deter asset-strippers from taking over Doug Ellis's empire - and encourage buyers who have football as their No.
A NOTORIOUS firm of US asset-strippers have entered the race to buy supermarket chain Safeway - sparking fears for Scottish jobs.
New Labour is, of course, the illegitimate child of Thatcherism, so it was strange to see a jury refusing to convict a man who decapitated a statue of The Mother of all Asset-Strippers when he said it was done as artistic expression and to protect his two-year-old son from the evils of global capitalism.
But such a proposal was possible because Mr Towers has injected life into a company which at one stage looked as if it was going to die by neglect or get killed off by asset-strippers.
Against that background, it would be foolish to dismiss them as mere asset-strippers.
With his associate Lord White he was an icon of 1980s capitalism, becoming one of the most feared asset-strippers on either side of the Atlantic.
VER since they acquired Littlewoods in October 2002, I have heard a lot of talk that the Barclay brothers are asset-strippers.
His venture capital firm were regarded as no more than asset-strippers by a workforce who had already suffered six years of mismanagement from Germany.
We would much rather have the Towers bid than Alchemy who are seen as asset-strippers.