Takeunder(redirected from Takeunders)
An offer for the takeover of a publicly traded company in which the offer price is significantly lower than the market value. These offers are made (and accepted) when a company's stock is under downward pressure. The offering company makes the offer to purchase a company cheaply, and shareholders accept the offer because they believe that the price, while below the market value, will soon be more than the company is worth if the trend continues.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved