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:
“We talk about a representative government; but what a monster of a government is that where the noblest faculties of the mind, and the whole heart, are not represented! A semihuman tiger or ox, stalking over the earth, with its heart taken out and the top of its brain shot away. Heroes have fought well on their stumps when their legs were shot off, but I never heard of any good done by such a government as that.”
—Henry David Thoreau (1817–1862)
“the immovable critic twitching his skin like a horse that feels a
flea,”
—Marianne Moore (1887–1972)
“The first lover is kept a long while, when no offer is made of a second.”
—François, Duc De La Rochefoucauld (1613–1680)