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English definition of “opposed bid”

opposed bid

noun [C]     FINANCE
a takeover bid (= an offer to buy a company) which the board of directors of the company advise the shareholders to refuse: The German insurer put in an opposed bid for its French rival, Convenium.
(Definition of opposed bid noun from the Cambridge Business English Dictionary © Cambridge University Press)
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a person or group who receives money, advantages, etc. as a result of something else

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