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)
“An old horse knows the road.”
—Chinese proverb.
“We are volcanoes. When we women offer our experience as our truth, as human truth, all the maps change. There are new mountains.”
—Ursula K. Le Guin (b. 1929)