Bidding War


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Bidding War

A situation in which two persons or organization are so interested in a product, asset, or potential employee that they offer successively higher prices or salaries for it. For example, two potential employers for a recent graduate may be so interested that when the first offers $50,000, the other comes back with $55,000, which leads the first to increase to $60,000, and so forth. Bidding wars usually occur very rapidly.
References in periodicals archive ?
A BIDDING war broke out for a former school caretaker's lodge which eventually sold at auction for a pounds 50,000 above its reserve price.
6 million move for the group at the end of March, sparking a bidding war by attempting to trump the initial agreed 185p a share offer from Tragus, owner of the Bella Italia and Cafe Rouge chain.
Abbey National's Spanish owner Santander has also been linked with a move for Alliance and hopes of a bidding war have sent Alliance shares soaring from 815p in October to 1248p earlier this year.
5p to 870p as investors welcomed the prospect of a bidding war.
Analysts said A-B could sell the just-purchased stake, or enter a bidding war with SABMiller.
It was said to be prepared to enter a bidding war for the Wolverhampton-based pub and brewing business, with at least three other rivals lining up offers.
The Jordon, Edmiston Group of New York is the broker for FTE, and there is some speculation that another international media company may have the inside track in the bidding war to take over FTE.
up for sale two months ago the bidding war has intensified to a feverish pitch.
SOCCER star David Beckham is set to become a multi dot com millionaire thanks to an internet bidding war.
Already the bidding war has developed into a race to the bottom.
In 2007, a stranger-than-fiction multibillion-dollar bidding war for the Chicago Board of Trade (CBOT) erupted between the Chicago Mercantile Exchange (CME) and Atlanta's IntercontinentalExchange (ICE).
com), the technology-powered real estate brokerage, today released its November 2013 Real-Time Bidding War Report based on Offer Insights, statistics compiled from thousands of offers written each month by Redfin agents for their home-buying clients.