wolf packing
English
Noun
wolf packing (uncountable)
- (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, 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., volume 14, HeinOnline, DOI::
- 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.