asset stripping

(redirected from Asset stripper)
Also found in: Financial.

asset stripping

The practice of buying a large company with the intention of breaking up its component businesses and selling them individually.
References in periodicals archive ?
But Melrose, branded an asset stripper by critics, claims it can make investors more money.
However, a multi-millionaire asset stripper heading fund managers took over the bank.
The Tote will be sold to some asset stripper and all the powers that be will do is wring their hands and say they were helpless to buy it.
Rover's other suitor at the time - Jon Moulton's Alchemy Partners, which planned to concentrate on MG sports models - was derided as a ruthless asset stripper.
In a previous job at a PR agency, I was asked to work with a particular client that was effectively an asset stripper.
Some think I'm an asset stripper, but if the club went under there would be nothing for me' SAYS PETTY TONY Petty maintained that his past business failures were completely irrelevant to his role as the new owner of Swansea City.
He accused Melrose of being an asset stripper, adding: "They take over businesses, break businesses up, they compartmentalise them and then flog them off to the highest bidder.
Your letter also reminded me of the days when I used to cover the Gulls for a local paper and former Torquay boss Dave Webb hit back at fans who had labelled him an asset stripper by saying: "There are no assets to strip at this club, not even the secretaries' knickers.
He is an asset stripper and the claimants are getting in the way.
Would we agree with a BBC quote from an asset stripper that the law in these circumstances is a pirate's charter?
BILLIONAIRE spiv, asset stripper, a new Robert Maxwell - the words of MPs voting to strip Sir Philip Green of his knighthood must have made his ears burn.
I really don't believe Rangers represents a financial opportunity for anyone other than an asset stripper.