crown-jewel option

noun

informal an option given by a company subjected to an unwelcome takeover bid to a friendly firm, allowing this firm to buy one or more of its best businesses if the bid succeeds

Nearby words

  1. crown saw,
  2. crown vetch,
  3. crown wart,
  4. crown wheel,
  5. crown-heel length,
  6. crown-of-jewels,
  7. crown-of-thorns,
  8. crown-of-thorns starfish,
  9. crown-rump length,
  10. crownbeard

Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012