asset-stripping

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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 ?
Enough of the warmongers and the job-cutters, enough of the asset-strippers and the mortgage-flippers, enough of the welfare-bashers and the bedroom-taxers.
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.
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.
A CONMAN who ran a worldwide mobile phone scam has had his pounds 365,000 fortune frozen by official asset-strippers.
FORMER Halewood saviour Tony Woodley last night called for the Government to block any possible sale of Jaguar and Land Rover to asset-strippers.
Private equity houses - innovative businesses which create jobs and prosperity or ruthless asset-strippers filling their pockets at the expense of the workers?
Sometimes, however, they give the impression of being little more than amoral asset-strippers after a quick buck.
And as for Mr Ellis saying he is worried about asset-strippers, he has been doing just the same thing and claiming he is a genius.
United's success has made it attractive for corporate raiders and asset-strippers.
But business organisations voiced concern, with the Federation of Small Businesses warning that the Labour leader did not understand "how jobs and apprenticeships are created in the real world" and the CBI questioning his characterisation of some firms as asset-strippers.
He warned he had discussed LDV's future with Russian owners and Swedish managers - but was now in talks with Chinese asset-strippers.