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A stalking horse offer, agreement, or bid is a bid for a bankrupt firm or its assets that is arranged in advance of an auction to act, in effect, as a reserve bid. [ 1 ] [ 2 ] The intent is to maximize the value of its assets or avoid low bids, as part of (or before) a court auction .
For example, at the 2007 Fall Yearling sale at Keeneland, 3,799 young horses sold for a total of $385,018,600, for an average of $101,347 per horse. [2] However, that average sales price reflected a variation that included at least 19 horses that sold for only $1,000 each and 34 that sold for over $1,000,000 apiece.
Accompanied by a parade, a horse racing meet, a rodeo and a number of social activities, it attracts rodeo stock contractors from the United States and Canada who are looking for bucking horse, and bucking bull prospects. The first official Miles City Bucking Horse Sale began in 1951, though an unofficial sale was held in 1950. [1]
Thomas Mellon Evans (September 8, 1910 – July 17, 1997) was an American financier who was one of the country's early corporate raiders, [1] as well as a philanthropist and Thoroughbred racehorse owner and breeder who with Pleasant Colony won the 1981 Kentucky Derby and Preakness Stakes.
Edward P. Evans, also known as Ned Evans, (January 31, 1942 – December 31, 2010) was an American heir, businessman, investor, horse breeder and philanthropist. He was the chairman and CEO of Macmillan Publishers from 1979 to 1989. He was the owner of Spring Hill Farm, a horse farm in Fauquier County, Virginia.
Keeneland Sales is an American Thoroughbred auction house in Lexington, Kentucky founded in 1935 as a nonprofit racing/auction entity on 147 acres (0.59 km 2) of farmland west of Lexington, which had been owned by Jack O. Keene.
Evans Brothers Ltd (or Evans Brothers Limited) was a British publishing house that was part of the Evans Publishing Group UK. The firm first published teacher training materials and in later years broadened its catalogue, publishing children's books and books on Africa. It became insolvent in September 2012 and ceased trading. [1]
Huffman, Christi L. "They Earned a Place" Quarter Horse Journal March 1998 p. 68-75; Jennings, Jim "1992 Hall of Fame inductees" Quarter Horse Journal May 1992 p. 66-69, 147; Rusk, Rebecca "It Happened in 1989" Quarter Horse Journal January 1990 p. 68-69; Wohlfarth, Jenny "'97 Brings Eleven" Quarter Horse Journal March 1997 p. 64-67