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.
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.
Bob Braddock,centre co-ordinator, said:``We have received six offers and split them into conditional and unconditional bids.
There are two unconditional bids at pounds 3m which we are looking at now You know when you sell a house that you can never be sure of a final date but it should be soon.