THE RAIDERS
A old phrase is gathering new meaning among U.S. businessmen. The phrase is "company raiding," but very few businessmen agree on a precise definition. Originally, the term was coined in the robber-baron days of the late1800s and bore connotations of watered stock, rigged markets, stolen company assets. Today, some businessmen use the phrase to describe shrewd investors who snap up an undervalued company with the idea of liquidating it for a quick profit; others apply it to investors who take over such firms and ram through drastic changes to improve the properties...
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