| 释义 |
bear hug
bear hugn. A rough, tight hug.bear hug n 1. (Wrestling) a wrestling hold in which the arms are locked tightly round an opponent's chest and arms 2. any similar tight embrace 3. (Commerce) commerce an approach to the board of one company by another to indicate that an offer is to be made for their shares vb (tr) to give someone a bear hugbear′ hug`
n. a forcefully or heartily tight embrace. [1920–25] Thesaurus| Noun | 1. | bear hug - a wrestling hold with arms locked tightly around the opponentwrestling hold - a hold used in the sport of wrestling | | 2. | bear hug - a takeover bid so attractive that the directors of the target company must approve it or risk shareholder protesttakeover attempt - an attempt to take control of a corporation |
Translationsbear hug
bear hugA strong and often immobilizing type of embrace. Jane was so excited to see her dad for the first time since his military deployment, she ran to him, wrapped her arms around him, and gave him a long bear hug.See also: bear, hugbear hugAn affectionate, sometimes overwhelming embrace. In wrestling it is also known as a body lock; in business it is an aggressive offer for a takeover. But the cliché refers simply to the embrace, as in “Jane met him with a handshake, but he responded by giving her a bear hug.” See also: bear, hugbear hug
bear hug1. a wrestling hold in which the arms are locked tightly round an opponent's chest and arms 2. Commerce an approach to the board of one company by another to indicate that an offer is to be made for their shares bear hug
Bear hugOften used in risk arbitrage. Hostile takeover attempt in which the acquirer offers an exceptionally large premium over the market value of the acquiree's shares so as to as to squeeze (hug) the target into acceptance.Bear HugAn offer by a company to buy another company for a price per share far above the share price's fair market value. A company offers a bear hug when it believes the target company's management may decline the offer. Because the management has a fiduciary responsibility to act in the best interest of shareholders, the bear hug is essentially an offer the management cannot refuse, at least not without exposing itself to a lawsuit. It is a form of a hostile takeover and may be used as a form of risk arbitrage.bear hug A buyout offer so favorable to stockholders of a company targeted for acquisition that there is little likelihood they will refuse the offer. Not only does a bear hug offer a price significantly above the market price of the target company's stock, but it is likely to offer cash payments as well. See also takeover.Case Study Following rejection by the General Motors board of an EchoStar Communications takeover proposal for GM-controlled Hughes Electronics, owner of DirectTV, EchoStar soon made another surprise bid to acquire Hughes. At the time of the bid Hughes's equity was trading on the New York Stock Exchange as a tracking stock. The second bid, announced with a public letter addressed to the GM board, was a bear hug offer made directly to Hughes's stockholders. Believing that General Motors directors were likely to recommend a sale of Hughes to Rupert Murdoch's News Corp., EchoStar felt it could only be successful by offering a higher price to Hughes's shareholders. The higher price would appeal to Hughes's shareholders and make it more difficult for GM directors to recommend a sale at a lower price to another company. GM directors rejected the earlier EchoStar offer in part because they felt the combination of DirectTV and EchoStar would be unacceptable on an antitrust basis. Rupert Murdoch later pulled out of the bidding for Hughes.bear hug
Related to bear hug: Bear Hug TestWords related to bear hugnoun a wrestling hold with arms locked tightly around the opponentRelated Wordsnoun a takeover bid so attractive that the directors of the target company must approve it or risk shareholder protestRelated Words |