Paper Bid

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Paper Bid

A request to buy a publicly-traded company in which the offering company offers to purchase shares in the target company with shares or bonds in itself. Many offers to buy a company include both paper and cash, but a paper bid is exclusively non-cash. How profitable a paper bid is for target company shareholders depends on the market value of the stocks and bonds.
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During phase one of the program's rollout, the bids are being posted to the eSolutions website, but submissions will still be done via paper bids.
All paper bids will be invalidated after July 1, 2015, Director of the Public Procurement Department under the Ministry of Finance Ulan Danikeyev said on May 15 at the press conference.
"Our contractors that routinely submit bids have found that Internet bidding eliminates the need to bring staff and materials to a central location to receive quotes and submit paper bids. For DOTs, obtaining electronic bids via Internet eliminates the time and effort to hand-enter the information into our letting systems.
This would not have been a problem in the takeover boom of 2000, when paper bids of the type Morrison has mooted were the order of the day, and there was almost no limit to what you could buy with your own equity.
"There will be no more paper bids. All tenders will have to be registered online," said senior official Khalifa Saffin.
Paper bids, using a form available on the same website, will be accepted at the fleet services office until 3 p.m.