stalking-horse bid
an initial offer on a bankrupt company’s -ssets by a potential buyer choosen by the fallen company.
pete: i heard cogswell cog’s is going bankrupt.
john: yes, i heard sp-cely sprockets put a bid in to buy them.
pete: yeah i heard that too… but the way i heard it, sp-cey just put in a stalking-horse bid and may not want cogswell at all.
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