War Chest
Slang for the reserve of cash a corporation sets aside to attempt a takeover or to defend against a hostile takeover. Investopedia Says:
For example, you might hear, "Look for XYZ Company to make an acquisition soon; they've been selling off assets in order to build up their war chest." Related Terms:
Acquisition
Black Knight
Crown Jewels
Dawn Raid
Hostile Takeover
Mergers And Acquisitions - M&A
Sleeping Beauty
Takeover
War Babies
White Knight |