| NOUN | act | takeover bid | an offer to buy shares in order to take over the company |
|---|
| Meaning | An offer to buy shares in order to take over the company. | |
|---|---|---|
| Narrower | any-and-all bid | A takeover bid where the acquirer offers to buy any and all shares outstanding |
| two-tier bid | A takeover bid where the acquirer offers to pay more for the shares needed to gain control than for the remaining shares | |
| Broader | tender offer | An offer to buy shares in a corporation (usually above the market price) for cash or securities or both |
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