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Takeover Bid

   Also found in: Dictionary/thesaurus, Legal, Acronyms, Wikipedia, Hutchinson 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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Byline: BILL GLEESON BUILDING supplies firm Wolseley has called in some heavyweight bankers to help fend off a potential takeover bid, it was reported yesterday.
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