GREY:NEVDQ - Post by User
Post by
KentWilkenson Jun 22, 2024 5:36pm
301 Views
Post# 36101830
stalking horse bid meaning
stalking horse bid meaningStalking Horse bid Summary
- A stalking-horse bid is the first bid that is offered to a bankrupt company before a public auction takes place.
- A stalking bid acts as the reserve bid so that the competing bidders cannot underbid the initial bid.
- As the first bidder for the bankrupt company’s assets, the stalking-horse bidder gets expense reimbursement and breakup fees for its effort.
KW