asset-stripping
(redirected from Asset stripping)Also found in: Dictionary, Financial, Wikipedia.
asset-stripping
Commerce the practice of taking over a failing company at a low price and then selling the assets piecemeal
Also found in: Dictionary, Financial, Wikipedia.
References in periodicals archive
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Okorafor described some media reports insinuating handwriting by CBN on the issue as 'the height of mischief and insensitivity' explaining that the collaborative move by the regulators was aimed at preventing job losses and asset stripping and to ensure that Etisalat remains in business and is able to pay back the loans.
Gauzes says Parliament also made its mark on asset stripping, remuneration and depositaries, the agencies that hold assets for safe-keeping.
And while Nigeria can hardly be considered a paragon of virtue regarding honest business practice, it is undeniable progress has been made since the blatant asset stripping and negligence of its 1990s dictatorships.
Halton hospital in Run-corn has merged with Warrington hospital amid allegations of asset stripping.
Unions are opposed and accuse the Royal Mail of asset stripping.
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 from asset stripping the UK's AstraZeneca in a PS63billion takeover.
One reason must be the failure of her Government to counter short termism and asset stripping by the City of London that have restricted access to finance for many businesses over the years.
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.
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