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)
“A fly, Sir, may sting a stately horse and make him wince; but one is but an insect, and the other is a horse still.”
—Samuel Johnson (1709–1784)
“I offer neither pay, nor quarters, nor food; I offer only hunger, thirst, forced marches, battles and death. Let him who loves his country with his heart, and not merely with his lips, follow me.”
—Giuseppe Garibaldi (1807–1882)