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 ... Bankrupt Shell A public shell that has been created either through issuance of shares following a bankruptcy (these ... Alternative Public Offering (APO) Somewhat misleading term used to refer to the variety of methods of going public other ... | ||
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