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Agreed Bid

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Agreed Bid
A bid by a company to buy a publicly traded company with the full knowledge and consent of the target company's board of directors. That is, an agreed bid is a bid for a friendly takeover. In an agreed bid, the acquiring company generally offers a premium to the current stock price for each share.


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Marine oil storage and production vessels operator BW Offshore has made an agreed bid worth $629 million for rival Prosafe Production (Prodp), the two Norwegian firms announced, after a $500 million asset sale paved the way to the new offer.
2bn agreed bid for the Queensland Gas Company as part of its strategy to boost its position in the market for liquefied natural gas (LNG) in the Asia-Pacific region.
Mr Ashley is believed to be in talks with Nike as the US company tries to persuade the entrepreneur not to block its agreed bid for England football team kit sponsor Umbro.
 
 
 
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