Unconditional Bid

(redirected from Unconditional Bids)

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 ?
He said: "We have made it crystal clear that to announce a preferred bidder we need definitive, unconditional bids on the table.
Bob Braddock,centre co-ordinator, said:``We have received six offers and split them into conditional and unconditional bids.
An NRL public tender has sought unconditional bids on principal-to-principal basis at the option of seller for the export of oil in lots of 25,000 tonnes during November 1, 2003 and March 31, 2004.