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JMH14865

10/28/17 5:24 PM

#612 RE: JMH14865 #611

A stalking horse offer, agreement, or bid is an attempt by a bankrupt debtor to test the market for the debtor's assets in advance of an auction of them. The intent is to maximize the value of its assets or avoid low bids, as part of (or before) a court auction.


Stalking horse offer - Wikipedia
https://en.wikipedia.org/wiki/Stalking_horse_offer
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