A stalking horse offer, agreement, or bid is an attempt by a debtor to test the market in advance of an auction. The intent is to maximize the value of its assets as part of (or before) a court auction in case of bankruptcy.
Famous quotes containing the words stalking, horse and/or offer:
“Figure him there, with his scrofulous diseases, with his great greedy heart, and unspeakable chaos of thoughts; stalking mournful as a stranger in this Earth; eagerly devouring what spiritual thing he could come at: school-languages and other merely grammatical stuff, if there were nothing better! The largest soul that was in all England.”
—Thomas Carlyle (1795–1881)
“But when his horse had put its hoof
Into a rabbit hole
He dropped upon his head and died.
His lady saw it all
And dropped and died thereon, for she
Loved him with her soul.”
—William Butler Yeats (1865–1939)
“After all, life hasn’t much to offer except youth and I suppose for older people the love of youth in others.”
—F. Scott Fitzgerald (1896–1940)