CROWN JEWEL


Meaning of CROWN JEWEL in English

A particularly profitable or otherwise particularly valuable corporate unit or asset of a firm. Often used in risk arbitrage. The most desirable entities within a diversified corporation as measured by asset value, earning power and business prospects; in takeover attempts, they typically are the main objective of the acquirer and may be sold by a takeover target to make the rest of the company less attractive. See scorched earth policy .

Campbell R. Harvey. Hypertextual finance English glossary.      Английский словарь гипертекстовых финансов.