The initial offer by a predator company for another. The bid can be in cash, shares or a combination. Bids usually have a closing date for acceptance. The bid can be hostile (without the acceptance or cooperation of the target company), or friendly (accepted by the target).
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takeover bid UK US 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.
Financial and business terms. 2012.