BROWSE

Dawn Raid

Definition

A police raid is a visit by police or other law enforcement officers often in the early morning or late at night, with the aim of using the element of surprise to arrest suspects believed to be likely to hide evidence, resist arrest, be politically sensitive, or simply be elsewhere during the day.

What is a 'Dawn Raid'

A dawn raid is when a firm or investor buys a substantial number of shares in a company first thing in the morning when the stock markets open. Because the bidding company builds a substantial stake in its target at the prevailing stock market price, the takeover costs are likely to be significantly lower than they would be had the acquiring company first made a formal takeover bid.

Explaining 'Dawn Raid'

Like the dawn raid in war, the corporate dawn raid is done early in the morning, so by the time the target realizes it's being attacked, it's too late - the investor has already scooped up some controlling interest. However, only a minority interest in a firm's shares can be bought this way. So, after a successful dawn raid, the raiding firm is likely to make a takeover bid to acquire the rest of the target company.


Further Reading


The 'unfinished business' of Malaysia's decolonisation: The origins of the Guthrie 'dawn raid'
www.cambridge.org [PDF]
… 1 'Requiem for a rubber planter' in Economist, 280, 12 September 1981 … failed' by not fully embracing the possibilities of a post-colonial, Commonwealth economic partnership. However, if entrepreneurial conservatism was the root cause of the Dawn Raid, then the UK agency …

The London dawn raid and its effect on Malaysian plantation workersThe London dawn raid and its effect on Malaysian plantation workers
www.tandfonline.com [PDF]
… 1 'Requiem for a rubber planter' in Economist, 280, 12 September 1981 … failed' by not fully embracing the possibilities of a post-colonial, Commonwealth economic partnership. However, if entrepreneurial conservatism was the root cause of the Dawn Raid, then the UK agency …

Sustaining edges: CSR, postmodern play, and SMEsSustaining edges: CSR, postmodern play, and SMEs
www.sciencedirect.com [PDF]
… 1 'Requiem for a rubber planter' in Economist, 280, 12 September 1981 … failed' by not fully embracing the possibilities of a post-colonial, Commonwealth economic partnership. However, if entrepreneurial conservatism was the root cause of the Dawn Raid, then the UK agency …

Are EU dawn raid procedures on a collision course with the ECHR? Does a cautionary tale from Canada offer guidance?Are EU dawn raid procedures on a collision course with the ECHR? Does a cautionary tale from Canada offer guidance?
www.tandfonline.com [PDF]
… 1 'Requiem for a rubber planter' in Economist, 280, 12 September 1981 … failed' by not fully embracing the possibilities of a post-colonial, Commonwealth economic partnership. However, if entrepreneurial conservatism was the root cause of the Dawn Raid, then the UK agency …

Adapt or divest? The new economic policy and foreign businesses in Malaysia (1970-2000)Adapt or divest? The new economic policy and foreign businesses in Malaysia (1970-2000)
www.tandfonline.com [PDF]
… 1 'Requiem for a rubber planter' in Economist, 280, 12 September 1981 … failed' by not fully embracing the possibilities of a post-colonial, Commonwealth economic partnership. However, if entrepreneurial conservatism was the root cause of the Dawn Raid, then the UK agency …

Repression and Black Liberation, by Chokwe Lumumba With Introduction by Akinyele UmojaRepression and Black Liberation, by Chokwe Lumumba With Introduction by Akinyele Umoja
www.tandfonline.com [PDF]
… 1 'Requiem for a rubber planter' in Economist, 280, 12 September 1981 … failed' by not fully embracing the possibilities of a post-colonial, Commonwealth economic partnership. However, if entrepreneurial conservatism was the root cause of the Dawn Raid, then the UK agency …

Putin and the oligarchsPutin and the oligarchs
www.tandfonline.com [PDF]
… 1 'Requiem for a rubber planter' in Economist, 280, 12 September 1981 … failed' by not fully embracing the possibilities of a post-colonial, Commonwealth economic partnership. However, if entrepreneurial conservatism was the root cause of the Dawn Raid, then the UK agency …



Q&A About Dawn Raid


What is a dawn raid?

A dawn raid is an early morning police operation.

Why is it important to keep good records for tax purposes ?

Keeping good records for tax purposes helps ensure that individuals pay only what they owe, which reduces the burden on taxpayers as well as helping reduce avoidance .

When does a dawn raid usually occur?

Dawn raids can occur anytime of the day, but they mostly happen before 6 am.

Who typically performs a dawn raid?

A firm or investor.

Can only minority interests be bought this way?

Yes, only minority interests can be bought this way.

Where does a dawn raid usually take place?

A dawn raid usually takes place at an individual's home or office.

Are there any disadvantages to performing a dawn raid over making a formal takeover bid?

The disadvantage is that you have less control over your target after you've performed one because you don't own enough shares yet for them to accept your offer willingly .

What happens after someone makes a successful dawn raid on their target company ?

After someone makes a successful dawn raid on their target company , they will most likely make another offer for all remaining shares at once .

How long will it take for my case to be resolved ?

It depends on how quickly we receive your information and how complex your case is .

Why do firms and investors perform dawn raids?

They buy at lower prices than they would if they made formal takeover bids.

What should you do if you receive an unexpected visit from HMRC ?

If you receive an unexpected visit from HMRC , it is important that you remain calm and cooperate fully with their investigation .

How can you protect yourself from being caught up in a tax evasion investigation by HMRC ?

You can protect yourself from being caught up in such investigations by keeping good records of all financial transactions, especially those involving large sums of money or valuable assets .

Who are the people involved in a dawn raid?

The police and the tax officers are involved in a dawn raid.

What do you need to be aware of when conducting business with foreign partners?

You should be aware that your foreign partner may not always be honest and trustworthy.

Is there anything else important about corporate takeovers that we haven't covered here ?

No, that pretty much covers everything important about corporate takeovers .

When does the term "dawn" refer to?

Dawn refers to early morning.

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