take under meaning: definition, etymology and quotations

take under

verbalso spelled take-under

Of a business To bring to insolvency; to drive (a business) into financial distress.

I knew she didn’t have to be here, out in the sun with me trying to do whatever I could to keep this fire from taking the business under, but she was2021, Meka James, Heat of Love:
The costs associated with Patagonia's shift to organic material nearly took the company under, but given the company values, it almost had no choice.2015, Carole and David Schwinn, The Transformative Workplace:

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It's believed that the Great Depression then took the business under.2013, Faiz Siddiqui, “The First Black Students Admitted to 15 Prestigious U.S. Universities, and Their Stories”, in Complex.com, archived from the original on 24 May 2023:

noun

Etymology Modelled on takeover.

Business A proposed acquisition of a company at a price below its market price.

PNC said the deal represented an offer of $2.23 for each share of National City, or nearly 19 percent below the stock’s closing price on Thursday. That makes the acquisition a “take-under,” meaning the purchase price is below the market value of the target company.2008 October 24, Eric Dash, “PNC Gets National City in Latest Bank Acquisition”, in New York Times:
Yes SanDisk is being acquired at a 40% premium to its stock price at the beginning of October, but the deal amounts to a 20% take-under from beginning of year share prices.2015 October 21, Antoine Gara, “Why KLA-Tencor's Sale Should Change Silicon Valley Forever”, in Forbes:

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And, immediately, they realized that Credit Suisse could not stand on its own two feet. And the government there in Europe, I think there was a lot of suasion to force what effectively is a shotgun take-under, a merger.2023 March 20, Roben Farzad, “Can banking takeovers and rescues stabilize the markets?”, in PBSNewsHour (transcript of interview):