Bankmail


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Bankmail

An agreement between a company engaged in a takeover bid and a bank that the bank will not finance the bid of another acquirer.

Bankmail

In acquisitions, an agreement between an acquiring company and a bank stipulating that the bank will not provide financing for any competing bid for the acquired company. For example, if Company A wishes to buy Company B, it may seek a guarantee from a bank that it will either finance Company A's bid or no bid at all. Companies use bankmail to reduce the risk that they will be outbid.
References in periodicals archive ?
Mohammed Almalki and others demonstrated that the program of Blood Bankmail, which the Saudi Ministry of Health adopted it, is the provision of a huge database for donors of blood.
Blood bank smart phone application for managing and organizing the blood donation
Financial browser ?
Full browser ?