Corporate raiders acquired firms via shareholder control, leveraged debt, and asset stripping

Evidence

This colorful characterization begins a strangely sexual film about a successful corporate raid, or hostile takeover, in which a firm or financier acquires control of a company through shareholder manipulation or a “leveraged buyout” (raising debt to finance the acquisition), often to individually sell off its assets for profit (known as “asset stripping”). — Andrew deWaard, Derivative Media, 238

Categorization

• DEFINE: Defines the technical vocabulary — hostile takeover, leveraged buyout, asset stripping — the reader needs to trace these instruments into texts.
• XREF: connects to: Listed firms’ value depends on sustained investor relationship building. — Kean Birch, Rethinking Value in the Bio-economy:…, 101; Takeover markets and institutional investors drove shareholder-value restructuring of corporations. — Gerald F. Davis & Suntae Kim, Financialization of the Economy, 31; Hostile takeovers in the 1980s drove the financialization of corporations — Gerald F. Davis & Suntae Kim, Financialization of the Economy, 49 (+1 more)