asset-stripping

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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
Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014
Translations

asset-stripping

nAsset-Stripping nt, Aufkauf von finanziell gefährdeten Firmen und anschließender Verkauf ihrer Vermögenswerte
Collins German Dictionary – Complete and Unabridged 7th Edition 2005. © William Collins Sons & Co. Ltd. 1980 © HarperCollins Publishers 1991, 1997, 1999, 2004, 2005, 2007
References in periodicals archive ?
The team who will attempt to find a buyer should not treat the exercise as a fire sale and should protect these great Welsh facilities from asset-strippers.
"Enough of the warmongers and the job-cutters, enough of the asset-strippers and the mortgage-flippers, enough of the welfare-bashers and the bedroom-taxers.
They seem to be behaving like predatory asset-strippers and I am worried that the people of Coventry will lose control of a significant item of pride in our city.
And Mr Miliband himself had to fend off criticism from the business community following his speech yesterday in which he pledged to use tax and regulation to take on "predators" and "asset-strippers".
They were recently labelled "asset-strippers" in the House of Commons by Walton MP Steve Rotheram.
Hostile bids like Kraft are only of benefit to asset-strippers, account-TV's Arthur Daley and ants, bankers and lawyers.
The short-sellers, the hedgefunders, the asset-strippers. The big boys.
Let's not forget that the previous board tried for months to get the Treasury to agree to a more reasonable timescale for repayment of loans, and that the increased repossessions, people being forced to seek more expensive mortgages elsewhere, and redundancies are the direct result of the demands of the Treasury and the appointment of their asset-strippers as the new board.
A CONMAN who ran a worldwide mobile phone scam has had his pounds 365,000 fortune frozen by official asset-strippers.
FORMER Halewood saviour Tony Woodley last night called for the Government to block any possible sale of Jaguar and Land Rover to asset-strippers.
Sometimes, however, they give the impression of being little more than amoral asset-strippers after a quick buck."
The sale does have an effect on the possible sale of the club as it has served to discourage so called "asset-strippers" from buying Villa with a view simply to make profit on land development.