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English definition of “cash bid”

cash bid

noun [C]    
FINANCE a takeover bid (= an attempt by one company to buy another company ) in which shareholders in the company being taken over are offered cash for their shares : make/launch a cash bid (for sth) The little-known Canadian company launched a cash bid worth $606 million for the educational software firm .
(Definition of cash bid noun from the Cambridge Business English Dictionary © Cambridge University Press)
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