what is a stalking horse bid 
a stalking horse bid is an initial bid on the assets of a bankrupt company the bankrupt company will choose an entity from a pool of bidders who will make the first bid on the firm s remaining assets the stalking horse sets the low end bidding bar so that other bidders can t underbid the purchase price 1the term stalking horse originates from a hunter seeking concealment behind either a real or fake horse while stalking game 2