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[1], 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.[2], 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.
