What is the meaning of Stalking horse?

In bankruptcy proceedings, this refers to the company that first bids for the companies assets.

Barry Goldsmith
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APABarry Goldsmith. (2010). stalking horse. Retrieved September 21, 2026, from http://smartdefine.org/stalking_horse/definitions/1164036
ChicagoBarry Goldsmith. 2010. "stalking horse" http://smartdefine.org/stalking_horse/definitions/1164036 (accessed September 21, 2026).
HarvardBarry Goldsmith 2010, stalking horse, Smart Define, viewed 21 September, 2026, <http://smartdefine.org/stalking_horse/definitions/1164036>.
MLABarry Goldsmith. "stalking horse" 21 October 2010. Web. 21 September 2026. <http://smartdefine.org/stalking_horse/definitions/1164036>