asset-stripping


Also found in: Dictionary, Financial.

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 ?
This is asset-stripping GPs to help pay for the overspending by health boards.
No consortium that I have ever fronted has ever been involved in asset-stripping and I'm not about to start now," said Neville.
But the workforce of 120 wanted to keep the ownership local, to avoid the risk of asset-stripping by an outside company or subsequent closure.
Any suggestion the consortium is looking at this acquisition as an asset-stripping exercise is completely untrue, so much so we can make a commitment now that, if we are successful in buying the club, Leeds United's future is, and always will be, at Elland Road.
and even takes the heating fuel MARK MCGIVERN CRAIG Whyte was up to his old asset-stripping tricks yesterday as he was finally hounded out of Scotland.
The issue to address here should not be an asset-stripping, short-term financial solution but rather how locals and visitors could have greater access to these WORKs.
In giving away the Royal Mail at a knockdown price, Mr Cameron and his Cabinet are asset-stripping a part of our lives.
SIR - I can remember when some businessmen were accused of asset-stripping, ie, buying cheaply companies that were in trouble and selling off their property etc for a quick profit.
City have banked more than pounds 20m - conservatively - plus pounds 5m from their memorable FA Cup run and there's still time for further asset-stripping by selling Joe Ledley before the transfer deadline.
His intention to nurture and support the brands will also calm fears of job losses and appears to scotch rumours of a further sell-on of the brand or asset-stripping or stealing the technology.
The story of local government during the past couple of decades has often been one of thinly disguised asset-stripping in order to balance the books.
The funding immediately came under fire from trade unions, who have been running a high-profile campaign against allegedly bad practices by private equity firms, including asset-stripping.