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
Collins Discovery Encyclopedia, 1st edition © HarperCollins Publishers 2005
References in periodicals archive ?
"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. It is just another revenue stream.
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. Miles Templeman of the Institute of Directors said that any attempt by the state to choose between "good" and "bad" businesses was likely to be "simplistic and wrong".
BIRMINGHAM MP Liam Byrne admitted his sixmonth battle to save LDV had failed - and described the business's Chinese buyers as "asset-strippers".
The GMB union, which labelled the new owners "buccaneering asset-strippers", claims workers who remain have had their pay and conditions attacked.
FORMER Jaguar boss MP Geoffrey Robinson is hoping asset-strippers don't move in to buy the luxury car maker.
Private equity houses - innovative businesses which create jobs and prosperity or ruthless asset-strippers filling their pockets at the expense of the workers?
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.1 priority.
A NOTORIOUS firm of US asset-strippers have entered the race to buy supermarket chain Safeway - sparking fears for Scottish jobs.
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.
She introduced fellow asset-strippers (fellow?), and some of the girls' quotes were, like their chests, hugely entertaining.