英和和英

名詞

wolf packing (uncountable)

1. (finance) The practice of collaboratively taking over significant portions of a stock, either to influence company board decisions or to clandestinely operate as a single entity on the stock market without the knowledge of other shareholders.
   • 2016, Robert Cyran, Richard Beales, NY TIMES, “Unpacking Wolf Packs”, in the yale law journal‎^[1], volume 125, number 773:

     Such analysis introduces significant legal uncertainty and may lead to excessive deterrence against wolf packing. In an increasingly crowded activist market, there is a real risk of overpunishing wolf-pack activism: stock prices may suffer due to increased market uncertainty over the legality and potential success of activist campaigns, including those that may yield value for shareholders.

   • 2017, Mira Ganor, “Toehold Collaborations Beyond Insider Trading”, in NYUJL & Bus.‎^[2], volume 14, HeinOnline, DOI:10.2139/ssrn.2938746:

     With the proliferation of the new practice of wolf packing, the incidence of Toehold ("TH" collaborations as part of a takeover campaign is likely to increase as well.