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Takeover Bid
(redirected from Offer to Purchase)

   Also found in: Dictionary/thesaurus, Acronyms 0.01 sec.
Takeover Bid
An offer in which an investor or company attempts to buy a publicly-traded company, or, more commonly, most of the shares in that company. For example, if Corporation A offers to buy 51% or more of Corporation B, then Corporation A is making a takeover bid. Takeover bids are made for cash, stock, or both. Likewise, they may be friendly or hostile; a friendly takeover bid occurs when the board of directors supports the acquisition and a hostile takeover bid occurs when it does not. See also: Antitakeover measure, Greenmail.


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The offer to purchase form is very important, not just because it could signify the start of a sale, but also because this piece of paper will have a marked effect on the lifestyle of the buyer and the seller.
Except as otherwise provided in this release, the terms and conditions of the Offer are set forth in the Company's Offer to Purchase dated Nov.
In conjunction with the tender offer, SALIC is also soliciting the consent of holders of at least 66 % of the aggregate stated amount of Pass-Through Certificates (the "Requisite Consents") held by persons other than SALIC, the trustee or any of their affiliates to certain proposed amendments described in the Offer to Purchase referenced below.
 
 
 
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