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Clean Shell
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| A shell company which has no liabilities or other negative attributes as perceived by an operating business seeking to merge with it. | ||
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Additional Comments:
Start with a public company clean shell. Many shells are created for the express purpose of merging with a private company. These shells have no predecessor entities and, as a result, little baggage in the way of a business failure or other skeletons in the closets.
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Related Terms: | ||
Cash-and-Carry Shell A shell company whose owners wish to sell most or all of the shell's ownership for ... Alternative Public Offering (APO) Somewhat misleading term used to refer to the variety of methods of going public other ... Bankrupt Shell A public shell that has been created either through issuance of shares following a bankruptcy (these ... | ||
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