opposed bid Meaning in the Cambridge English Dictionary
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Meaning of “opposed bid” in the English Dictionary

"opposed bid" in Business English

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opposed bidnoun [C]

uk   us   FINANCE
a takeoverbid (= an ​offer to ​buy a ​company) which the board of ​directors of the ​companyadvise the ​shareholders to ​refuse: The German ​insurer put in an ​opposedbid for its French ​rival, Convenium.
(Definition of opposed bid from the Cambridge Business English Dictionary © Cambridge University Press)
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