crown-jewel option
crown-jewel option
n
(Commerce) informal an option given by a company subjected to an unwelcome takeover bid to a friendly firm, allowing this firm to buy one or more of its best businesses if the bid succeeds
Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014