in play

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In play

Often used in risk arbitrage. Company that has become the target of a takeover, and whose stock has now become a speculative issue.

In Play

Describing a company believed to be a target company in a hostile takeover. A company that is in play may receive offers from gray knights or white knights, or simply from investors seeking to profit from speculation on the takeover attempt.

in play

Of or relating to a company that has been, or is widely rumored to be, the target of a takeover attempt. After a firm is in play, additional offers may be forthcoming.