Meaning of “cash bid” in the English Dictionary

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"cash bid" in Business English

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cash bidnoun [ C ]

uk us

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” from the Cambridge Business English Dictionary © Cambridge University Press)