Often used in risk arbitrage. Hostile takeover attempt in which the acquirer offers an exceptionally large premium over the market-value of the acquiree's share so as to as to squeeze (hug) the target into acceptance.
BEAR HUG
Meaning of BEAR HUG in English
Campbell R. Harvey. Hypertextual finance English glossary. Английский словарь гипертекстовых финансов. 2012