stalking horse


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stalking horse

1. A political candidate who attempts to supplant the current party leader, solely to gauge how much support the incumbent has. He doesn't actually want to be elected—he's just a stalking horse who's trying to see how fractured our party really is.
2. Something that conceals a person's true intentions. I'm afraid that this deal is just a stalking horse for a more nefarious long-term plan.
See also: horse, stalk

a stalking horse

1. If you describe an event or an action as a stalking horse, you mean that it is being used to help someone get what they really want at a later date. The development will act as a stalking horse for further exploitation of the surrounding countryside. Limits on union contributions will be a stalking horse to break the relationship between the party and the unions. Note: This expression is usually used to show disapproval.
2. In politics, a stalking horse is someone who stands against the leader of a party to test the strength of any opposition to the leader. They then withdraw in favour of a stronger challenger, if it looks likely that the leader can be defeated. There was even talk of one of them standing for the leadership as a stalking horse for the real contender. Note: You can also use stalking horse before a noun. The notion of a stalking horse challenge at the autumn party conference seemed highly unlikely. Note: Stalking horses were horses that were used by hunters. They were trained to allow their rider to hide behind them, and so get closer to the birds they were hunting.
See also: horse, stalk

stalking horse

A pretext. This term comes from the practice of hunters sometimes dismounting and, hiding behind their horses, stalking game on foot, slowly advancing until they come within shooting distance. The transfer of this practice to a means of concealing a secret plan, or, in politics, to a candidate being used to conceal the candidacy of some other person, took place in the sixteenth century. Shakespeare used it in As You Like It (4.3): “He uses his folly like a stalking-horse and under the presentation of that he shoots his wit.” Time had it on November 21, 1977: “She’s willingly making herself a stalking horse for the ultra right.” British lexicographer Nigel Rees reported that in British politics of the early 1990s, the term was applied to a member of Parliament who stands for election as party leader with no hope of winning, in order to test whether the incumbent leader is challengeable.
See also: horse, stalk
References in periodicals archive ?
The informed person has also added that the Feinberg-led group will drop out of the auction if another party makes an offer that is 10% higher than the planned stalking horse bid.
23 June 2016 - Swedish industrial company Granges AB has been approved by the US Bankruptcy Court as the "stalking horse" bidder to acquire Canadian mining and metals firm Noranda Aluminum Corp.'s downstream aluminium rolling business in the United States, the company said.
The interested parties would need to outbid United States Bakery Inc, also called Franz Family Bakery, which was chosen to be the stalking horse bidder.
Farlie Turner, in collaboration with the estates' other professionals, conducted an auction for Hollywood Hills on 24 June 2015 involving four different prospective buyers, including an affiliate of Larkin and the stalking horse buyer, which had an agreement to purchase Hollywood Hills, subject to higher and better offers.
A bankruptcy judge has approved the stalking horse bids for the various brands from Flowers Foods Inc (NYSE:FLO), McKee Foods Corp, United States Bakery Inc, Apollo Global Management LLC (NYSE:APO) and C Dean Metropoulos & Co.
Hipcricket Inc (OTCQB: HIPP), a provider of a unified mobile engagement platform, announced on Wednesday that it has entered into an asset purchase agreement with SITO Mobile Ltd (OTCQB: SITO), as the 'stalking horse' bidder to acquire substantially all of its assets for an aggregate consideration of approximately USD4.5m.
The bankrupt US wholesale baker said it had chosen the two private equity firms to act as the stalking horse bidder in an auction process for the particular business, comprising the Twinkies, Mini Muffins, Cup Cakes, Ho Hos, Zingers and Suzy Qa[euro](tm)s brands along with five bakeries and certain equipment.
29 January 2013 a[euro]" Bankrupt US wholesale baker Hostess Brands Inc announced it had picked two stalking horse bidders for its Drakea[euro](tm)s snack cake operation and four bread businesses, thereby securing asset disposal deals worth at least USD440m (EUR327.3m) in total.
That sale, which is slated to close on 23 April, delivers at least USD6.5m more value than prior stalking horse terms, Quantum Foods said.
28 January 2013 a[euro]" Bankrupt US wholesale baker Hostess Brands Inc is nearing agreement over two stalking horse bids targeting its Drakea[euro](tm)s cakes operations and four bread businesses, an informed person told Reuters today.
4 October 2013 - US fund manager KPS Capital Partners LP said it had agreed to act as the stalking horse bidder in an auction process for bankrupt home furnishings maker Furniture Brands International Inc (OTCMKTS:FBNIQ) with an offer of USD280m (EUR205.7m).
14 January 2013 a[euro]" Bankrupt US wholesale baker Hostess Brands Inc announced it had selected sector player Flowers Foods Inc (NYSE:FLO) as the stalking horse bidder with an offer of up to USD360m (EUR269.5m) for most of its bread business.
In April, Reuters cited sources as saying that Cerberus' own founder Stephen Feinberg was preparing a joint stalking horse bid with other senior partners in an effort to acquire the maker of the Bushmaster rifle.
Hostess is expected to pick a stalking horse bidder for its bread business within a few days, the Post said, adding that the disposal of the snacks activities will be taken care of separately after that.
Diversified Gas & Oil PLC (LON:DGOC) has clinched a "stalking horse" agreement to buy the Ohio assets of bankrupt firm EdgeMarc Energy Holdings for US$50mln.