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reverse takeover

   Also found in: Financial, Wikipedia 0.01 sec.
reverse takeover
n
(Business / Commerce) Finance the purchase of a larger company by a smaller company, esp of a public company by a private company


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The pounds 200m float was achieved through a reverse takeover by Freedom4 - part of the former Pipex telecoms firm - which has now changed its name to Daisy Group.
The reverse takeover deal with Interactive, which supplies adult content to mobile phone users, will see Sport Newspapers become a public company via a listing on the Alternative Investment Market.
The company, which operates nine race tracks including Newcastle and Sedgefield, had become part of Chepstow Racecourse plc under a reverse takeover last October.
 
 
 
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