sponsored IPO
(FINANCE) an initial public offering of stock in a company by a private equity fund that already owns it.ILLUSTRATIONSuppose we have a company, HCA, that currently a publicly traded corporation. Now,...
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(FINANCE) leveraged buy-out; when a takeover artist like Kohlberg Kravis Roberts & Co (KKR) arranges to borrow huge amounts of money at high interest, buy a controlling interest in a corporation,...
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(BUSINESS) Wichita, Kansas-based conglomerate; pronounced "coke." A closely held corporation; owns Flint Hills Resources, a major refinery operator.One of the most secretive business enterprises in...
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(FINANCE) when a corporate raider initiates a hostile takeover of an undervalued corporation with the intent of forcing the management to buy him off.HOW IT WORKSA corporate raider engaged in...
View Articletakeover vehicle
(BUSINESS) in a hostile takeover, the business entity that will be the new owner. Usually a takeover vehicle is a corporation in an industry related to that of the target company.In cases where the...
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(FINANCE) someone like Carl Icahn or Victor Posner; a manager of a PE fund or takeover vehicle (e.g., T. Boone Pickens with Mesa Petroleum) who organizes hostile takeovers of undervalued...
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(BUSINESS) when a corporate raider attempts to take control of a corporation against the will of the management. Takeover requires a leveraged buyout typically financed with junk bonds.HOW IT WORKSThe...
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A type of investment fund with very high fees for investors and a focus on complex financial derivatives. Hedge funds charge around 20% of returns (sometimes a lot more) plus a flat fee of typically...
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(US LAW) tax-exempt nonprofit as defined under Treasury Code section 503(c)(4). Very similar to a 501(c)(3), but while a 501(c)(3) is more completely exempt from taxes, a 501(c)(4) has more leeway in...
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(US LAW) nonprofit corporation; legal status permitted to certain types of organizations under Treasury Regulations section 501(c)(3) that exempts it from taxation.The 501(c)(3) is quite easy to...
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Name of a 501(c)(3) group created by Berman & Co., alobbyist for the restaurant, hotel, alcohol, and cigarette companies. "Defeat the Debt, another 501(c)(3), is supposedly organized by the...
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