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Corporate raider
 

 

A term increasingly used with reference to individuals with very large resources of ready money who, either personally or through a company which they control, buy heavily in the equity of a target company with a view to either taking control of that company or, more frequently, foreing the directors of the target company to protect their own position and that of the company itself by taking steps that will enhance the attractiveness of the equity to an extent sufficient to dissuade present holders from selling. These measures will usually cause the share price to escalate and enable the raider to resell the shares acquired at a considerable profit. Corporate raiders are more common in the U.S.A., though the practice is spreading to this side of the Atlantic.

Reference: The Penguin Business Dictionary, 3rd edt.