BROWSE

Sale Of Crown Jewels

What is 'Sale Of Crown Jewels '

A takeover-defense tactic that involves the sale of the target company's prized and most coveted assets - the "crown jewels" - so as to reduce its attractiveness to the hostile bidder. The sale of a company's best assets will leave it as a mere shadow of its former self. This is a type of "kamikaze" defense tactic, which inflicts potentially irreversible damage on a company to prevent it from being acquired by a hostile party.

Explaining 'Sale Of Crown Jewels '

This tactic is sometimes used by conglomerates, which often attract hostile bidders because they can trade at a price below their break-up value due to the "conglomerate discount." A potential pitfall of this tactic is that a quick sale of prized assets may fetch a price far below what they are actually worth.


Further Reading


Agency costs and strategic considerations behind sell‐offs: the UK evidence
onlinelibrary.wiley.com [PDF]
… us to bring products to mar- ket other than through our own sales and marketing … rigorous and well organized the decision-making process, cultural barriers to crown-jewel licensing will … is, 'Protect and don't share' — especially don't share our technology crown jewels — and this …

Constructing a market, performing theory: The historical sociology of a financial derivatives exchangeConstructing a market, performing theory: The historical sociology of a financial derivatives exchange
www.journals.uchicago.edu [PDF]
… us to bring products to mar- ket other than through our own sales and marketing … rigorous and well organized the decision-making process, cultural barriers to crown-jewel licensing will … is, 'Protect and don't share' — especially don't share our technology crown jewels — and this …

Golden Parachutes, Crown Jewels and the Arrival of White Knight-Strategies to Defeat a Takeover-What Use in an Era of Rigorous Enforcement of Directors' DutiesGolden Parachutes, Crown Jewels and the Arrival of White Knight-Strategies to Defeat a Takeover-What Use in an Era of Rigorous Enforcement of Directors' Duties
heinonline.org [PDF]
… us to bring products to mar- ket other than through our own sales and marketing … rigorous and well organized the decision-making process, cultural barriers to crown-jewel licensing will … is, 'Protect and don't share' — especially don't share our technology crown jewels — and this …

Facets of French Heritage: Selling the Crown Jewels in the Early Third RepublicFacets of French Heritage: Selling the Crown Jewels in the Early Third Republic
www.journals.uchicago.edu [PDF]
… us to bring products to mar- ket other than through our own sales and marketing … rigorous and well organized the decision-making process, cultural barriers to crown-jewel licensing will … is, 'Protect and don't share' — especially don't share our technology crown jewels — and this …

6 No Longer the Crown Jewels of Sport?6 No Longer the Crown Jewels of Sport?
books.google.com [PDF]
… us to bring products to mar- ket other than through our own sales and marketing … rigorous and well organized the decision-making process, cultural barriers to crown-jewel licensing will … is, 'Protect and don't share' — especially don't share our technology crown jewels — and this …

Defending The Corporate Crown Jewels From The Dangers That Lurk Within: Effective Internal Network Security Focuses on BehaviorDefending The Corporate Crown Jewels From The Dangers That Lurk Within: Effective Internal Network Security Focuses on Behavior
www.tandfonline.com [PDF]
… us to bring products to mar- ket other than through our own sales and marketing … rigorous and well organized the decision-making process, cultural barriers to crown-jewel licensing will … is, 'Protect and don't share' — especially don't share our technology crown jewels — and this …

Tsarina's Necklace: Russian Jewels, Secret Agents, and the Tsarina's Necklace: Russian Jewels, Secret Agents, and the
www.tandfonline.com [PDF]
… us to bring products to mar- ket other than through our own sales and marketing … rigorous and well organized the decision-making process, cultural barriers to crown-jewel licensing will … is, 'Protect and don't share' — especially don't share our technology crown jewels — and this …

The Petroleum Sector in Latin America: Reforming the Crown Jewels-CERI Studies No. 88The Petroleum Sector in Latin America: Reforming the Crown Jewels-CERI Studies No. 88
inis.iaea.org [PDF]
… us to bring products to mar- ket other than through our own sales and marketing … rigorous and well organized the decision-making process, cultural barriers to crown-jewel licensing will … is, 'Protect and don't share' — especially don't share our technology crown jewels — and this …


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