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Mar 12, 2024 · A stalking horse bid is an initial bid on the assets of a bankrupt company. It is chosen by the bankrupt company and becomes the minimum amount the assets can be purchased for....
A stalking-horse bid is the first bid that is offered to a bankrupt company before a public auction takes place. A stalking bid acts as the reserve bid so that the competing bidders cannot underbid the initial bid.
A stalking horse offer, agreement, or bid is a bid for a bankrupt firm or its assets that is arranged in advance of an auction to act, in effect, as a reserve bid. [1] [2] The intent is to maximize the value of its assets or avoid low bids, as part of (or before) a court auction. [3]
Jun 12, 2024 · A stalking horse bid is an initial bid that is made on the assets of a bankrupt company. This sets a lower bar such that the other bidders cannot underbid. In other words, it is the highest initial bid amongst the prospective buyers, so others will have to bid a higher amount.
May 24, 2024 · A stalking horse bid is an initial bid or proposal made by a potential buyer for the assets of a financially distressed company, typically one in bankruptcy or under bankruptcy protection. This bid aims to set a minimum or baseline price for the sold assets and initiate a competitive bidding process.
A stalking horse bidder is an initial bidder or purchaser on the sale of a distressed or bankrupt company's assets. The initial bidder negotiates a purchase agreement with the debtor, conducts due diligence on the assets, and sets the terms of the transaction.
The initial bidder with whom the debtor negotiates a purchase agreement is called the "stalking horse" bidder. The term is an old hunting term referring to either a real horse or an image of a horse (typically some type of screen) behind which a hunter would hide to conceal himself from, and get closer to, his prey.
