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.
References in periodicals archive ?
Lloyds, which prefers agreed bids, will now either have to go higher still or go hostile.
those that did not were gently steered by M&G into agreed bids - usually at a price that left the Recovery handsomely in pocket.
For many years the M&G unit trust group, now facing an agreed bid from the Pru, was the acceptable face of the City in the West Midlands.