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Meaning of “takeover bid” in the English Dictionary

"takeover bid" in Business English

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takeover bidnoun [C]

uk   us   (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 ​moneyoffered: The ​company said it would consider a ​takeoverbid. launch/make a takeover bid for sth The ​billionaireinvestorlaunched a ​takeoverbid for the ​company.receive/accept a takeover bid They decided to ​accept the ​takeoverbid. hostile/unsolicited takeover bid Hostile ​takeoverbids are almost unknown in Japan where ​companies traditionally ​agreeterms behind the scenes. The ​company has received a $416 million ​takeoveroffer.
(Definition of takeover bid from the Cambridge Business English Dictionary © Cambridge University Press)
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