Bankmail


Also found in: Wikipedia.

Bankmail

An agreement between a company engaged in a takeover bid and a bank that the bank will not finance the bid of another acquirer.

Bankmail

In acquisitions, an agreement between an acquiring company and a bank stipulating that the bank will not provide financing for any competing bid for the acquired company. For example, if Company A wishes to buy Company B, it may seek a guarantee from a bank that it will either finance Company A's bid or no bid at all. Companies use bankmail to reduce the risk that they will be outbid.