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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Smiling Bob who wrote (139048)8/4/2008 6:59:31 PM
From: Peter VRead Replies (1) of 306849
 
Stalking horse is a BK method of selling a BK'd company's assets. Somebody acts as the "stalking horse" and bids a certain amount for the assets. If somebody outbids them, the stalking horse gets a fee and the other guy buys the assets. The stalking horse simply gets the ball rolling on the asset sale, to put a floor under the sale price.

That's the very short and simple version, anyway.
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