Unconditional Bid

Unconditional Bid

In a takeover of a publicly-traded company, an offer to pay a stated price per share, regardless of how many shares the acquirer purchases. An unconditional bid is most common after the acquirer already has a majority stake in the target company.
References in periodicals archive ?
Australia's major gas pipeline owner APA Group is fuming over the competition regulator's decision to thwart its plans to lodge an unconditional bid for EnergyAustralia's Iona gas storage plant in Victoria, which would fetch over $1 billion.
Offers should be accompanied by an unconditional bid bond of 5% of the total value of the tender and be vaild for 180 days from the last date of tender submission.
However, despite "intensive discussions" taking place today and into the night the takeover saga shows no signs of reaching a conclusion soon with Duff and Phelps frustrated in their attempts to get an unconditional bid on the table.
By the end of June, I had an unconditional bid from Nanjing for the whole company," he said.
We are particularly gratified that in announcing its most recent rulings, the Chancery Court questioned whether Express Scripts is serious in its tender offer or is merely seeking to disrupt a strategic merger and why they have not made an unconditional bid.
Deposits and Guarantees required: Contractor taking part in the present proceedings is required to make an unconditional bid bond in Polish zlotys
The consortium has now requested the opportunity to immediately commence due diligence on Fletcher Energy with the objective of making an unconditional bid available for shareholders to consider by March 23.
Majority shareholder Penman has accepted an unconditional bid of pounds 300,000 and will officially hand over the club at the start of the week.
Finally and most importantly, the court noted that one is left to wonder why Express Scripts has not made an unconditional bid.
Deposits and Guarantees required: Contractor involved in this procedure is required to make an unconditional bid bond in the Polish zloty in the amount of 30 000 PLN.
The deposit would be forfeited if Shaner fails to submit an unconditional bid for the company for a price at or above $4.
125 per share, (2) Shaner would deposit $250,000 in escrow that would be refundable only if Shaner submitted an unconditional bid at or above $4.