A Stalking Horse makes the initial bid on a bankrupt company’s assets and is chosen by the bankrupt company. After the company chooses the Stalking Horse, other companies may also bid. The purpose of the Stalking Horse is to set the bar at a reasonable level so that the bankrupt company’s assets are not sold at a huge discount due to low-ball bids.
ACCELERATE YOUR STARTUP LAW KNOWLEDGE!
Startup Law doesn’t have to be a confusing maze. The practical knowledge in "Acceleration: What All Entrepreneurs Must Know About Startup Law" will help you make the smart decisions to protect your startup and its future. Available in ebook and hardcover.
Buy the Book on Amazon