crown-jewel defense
C2CEFR level
88/100Rarity: very rare
TechnicalRegister
Law noun
A target's sale or option of its most valuable assets to make itself unattractive to a hostile bidder.
They tried a crown-jewel lockup on the pipeline unit, and the court enjoined it as an unreasonable defensive measure.
Business noun
A tactic in which a target sells or options its most prized assets to deter a hostile acquirer.
If they go hostile, the board's ready with a crown jewel lockup on the specialty division.
Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.
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