Unconditional Bid

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Unconditional Bid

In a takeover of a publicly-traded company, an offer to pay a stated price per share, regardless of how many shares the acquirer purchases. An unconditional bid is most common after the acquirer already has a majority stake in the target company.
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References in periodicals archive ?
He said: "We have made it crystal clear that to announce a preferred bidder we need definitive, unconditional bids on the table."
MILLER PUTS GERS BID INTO GEAR; ANOTHER IBROX EXCLUSIVE MILLER IN GEAR Yank makes his move as new Kennedy bid gets short shrift while Ng looks set to pull plug MILLER IN GEAR
Bob Braddock,centre co-ordinator, said:``We have received six offers and split them into conditional and unconditional bids.
Pop stars say goodbye as Mersey beat is silenced; Rock heroes play out final night at city's famous venue
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