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English definition of “takeover bid”

takeover bid

noun [C]
 
 
(also takeover offer)
FINANCE an offer or attempt to take control of a company by buying enough of its shares to do this, or the amount of money offered: The company said it would consider a takeover bid. launch/make a takeover bid for sth The billionaire investor launched a takeover bid for the company.receive/accept a takeover bid They decided to accept the takeover bid. hostile/unsolicited takeover bid Hostile takeover bids are almost unknown in Japan where companies traditionally agree terms behind the scenes. The company has received a $416 million takeover offer.
→ See also conditional bid, unconditional bid
(Definition of takeover bid from the Cambridge Business English Dictionary © Cambridge University Press)
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