takeover bid

Definition:

also written: take-over bid. An offer made to the holders of all shares in a company, or all shares of a particular class in a company, to purchase those shares with a view to obtaining at least sufficient shares to give the maker of the offer (called the ‘offeror’) enough votes to control the company. The company whose shares are the subject-matter of the bid is called the ‘offeree company’.



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