Low-Ball Offer

Low-Ball Offer

An offer to buy something for an exceptionally low price. For example, if the asking price on a house is $200,000, a potential buyer may make a low-ball offer of $125,000.
References in periodicals archive ?
I have spoken with many investors of MarkWest and I believe others are not happy with the terms of the deal, and see no compelling reason for the MarkWest Board of Directors to have accepted such a low-ball offer from Marathon.
And the canny Scot warned bargain hunters: "If you want to make a low-ball offer, please don't waste my time or yours.
For example, a defendant may make a low-ball offer of, say $1, that unexpectedly turns out to "satisfy the statutory requirements.
Spanish builder ACS is more likely to take legal action to defend its plan to take control of German peer Hochtief than improve its low-ball offer, analysts and press reports said on Tuesday.
Recently, Viacom-owned Paramount Pictures flipped Les the bird, refusing to take his low-ball offer for showing its movies on Showtime and announcing its own cable-TV channel.
Hays encouraged buyers by saying, "a low-ball offer certainly isn't as attractive as an offer at a premium, given our fiduciary obligations.
It wasn't a low-ball offer and we put forward a reasoned case as to why we felt it was fair.
Harmon thinks PeopleSoft can do better than Oracle's low-ball offer.
We vehemently disagree with the Board's process in facilitating the sale of the company and believe that Fortress' low-ball offer fails to maximize value for Stelmar shareholders, particularly at a time when the shipping sector is booming.
He left the Kings two years ago after a low-ball offer pointed him toward Detroit and a two-year, $9 million contract.
In its September, 9, 2010, report, PROXY Governance stated that "By all accounts, Airgas is a good long-term stock with significant growth potential, and we do not believe that the board's actions in resisting a low-ball offer have put this long-term value at risk,"[sup.
As the only bidder, Nederlander is free to submit a low-ball offer - almost certainly less than what House of Blues originally bid - and then take the prize.