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 ?
Cable is in Government to take difficult decisions and if he wants to prove the Lib Dems are different from their coalition partners, he should start by saving a great British company from the clutches of an American asset-stripper.
A controversial asset-stripper who made his fortune selling stocks in the 60s and 70s is returning to the City.
He was brilliant, ruthless and an asset-stripper, "Lord Moneybags" to one national newspaper but he retained a passionate interest in the affairs of his home town - and at one time he was engaged to film star Audrey Hepburn.
Matt Lynch, Glasgow, said: "I'm worried Miller turns out to be an asset-stripper who makes a tidy profit out of Rangers and then goes back to Tennessee.
"Maybe he is worried people think he is coming to Rangers as an asset-stripper because his background is in property but he is a genuine, affable guy - and Northampton had no assets to strip."
"Someone had to take the club on - it could have been an asset-stripper, someone who would have closed the club down.
WE are flattered to hear that Seventies asset-stripper and legendary share tipster Jim Slater has followed our advice and waded into Caldwell Investments.
Special banners and flags describing Johnson as nothing more than an "asset-stripper" and a "lifelong Liverpool fan" are being prepared for Saturday's game and there are also believed to be plans for another post- match demonstration in Goodison's main car park.
They seem to be behaving like predatory asset-strippers and I am worried that the people of Coventry will lose control of a significant item of pride in our city.
And Mr Miliband himself had to fend off criticism from the business community following his speech yesterday in which he pledged to use tax and regulation to take on "predators" and "asset-strippers".
Hostile bids like Kraft are only of benefit to asset-strippers, account-TV's Arthur Daley and ants, bankers and lawyers.
Let's not forget that the previous board tried for months to get the Treasury to agree to a more reasonable timescale for repayment of loans, and that the increased repossessions, people being forced to seek more expensive mortgages elsewhere, and redundancies are the direct result of the demands of the Treasury and the appointment of their asset-strippers as the new board.