Take the offer

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Buy stock by accepting a floor broker's (listed) or dealer's (OTC) offer at an agreed-upon volume. Antithesis of hit the bid.

Take the Offer

Informal; to agree to buy a security at a price offered by a dealer at an agreed-upon volume.

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This gives Mr Folkes control of 80 per cent of the voting and 60 per cent of the non-voting shares and takes the offer unconditional.

If the responder takes the offer, each player receives the agreed-upon amounts; if the responder rejects the offer, both players get nothing.

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