asset-stripping


Also found in: Financial, Encyclopedia, Wikipedia.

asset-stripping

n
(Commerce) commerce the practice of taking over a failing company at a low price and then selling the assets piecemeal before closing the company down
ˈasset-ˌstripper n
Translations

asset-stripping

nAsset-Stripping nt, Aufkauf von finanziell gefährdeten Firmen und anschließender Verkauf ihrer Vermögenswerte
References in periodicals archive ?
We have mentioned on a number of occasions this concern we have about asset-stripping and we are still finding this going on.
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.
Rachel Reeves, head of the Commons Business Committee said: "GKN is 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.
Summary: Ex-billionaire tycoon Sean Quinn has been jailed for nine-weeks over his role in a multi-million euro asset-stripping plot.
Antonov was arrested in London in connection with an asset-stripping probe at Lithuania's Snoras Bank.
And I think we should be using the castle and the Zurbarans as a source of regeneration for the town and that the Church Commissioners' idea of asset-stripping is wholly negative.
The MP said: "I think we should be using the castle and the Zurbarans as a source of regeneration for the town and that the Church Commissioners' idea of asset-stripping is wholly negative.
ARSENE WENGER wants to see the introduction of stringent rules to prevent clubs falling into the hands of asset-stripping owners.
City have banked more than pounds 20m - conservatively - plus pounds 5m from their memorable FA Cup run and there's still time for further asset-stripping by selling Joe Ledley before the transfer deadline.
Davvies" fell victim to 1980s-style asset-stripping when it was bought by Greenall Whitley who promptly closed the brewery and sold off the Bath Row site for redevelopment.
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.
He said: "If the choice is only asset-stripping private equity which independent studies for the union have shown drive down pay and conditions then there should be direct Government intervention.