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 ?
"Not that I think anybody is deliberately asset-stripping, but I think the range of vacancies on the North Manchester site, particularly among nurses and consultants.
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.
Replacing three schools, a leisure centre and recreational fields with one school with some leisure facilities (with limited access for the community) and some plots of land dotted around the area isn't investment, it's an asset-stripping exercise.
BRITAIN'S most powerful union leader has called for direct Government intervention to stop Land Rover and Jaguar falling into the hands of "asset-stripping" private equity firms.
DOCTORS in Wales yesterday accused the Assembly government of "asset-stripping" GP practices to bail out cash-strapped 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.
About the only kind of economic activity Wall Street has financed in the 1980s has been asset-stripping and leveraged buyouts.
Rachel Reeves, head of the Commons Business Committee said: "GKN are important for the automotive and defence sectors of our economy and the Secretary of State needs to provide assurances that Britain's strengths in these sectors will not be undermined by a takeover or by asset-stripping."
COUNCILLOR Bolt describes the possible sale of Mirfield council offices and of land in the town as "asset-stripping." (Examiner 5/12/14.) Not so!
asset-stripping is worrying, but more worrying is that people are able to get into the building.