HyperDic: two-tier_bid

English > 1 sense of the expression *two-tier bid*:
NOUN	act	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

English > *two-tier bid*: 1 sense > noun 1, act
Meaning	A takeover bid where the acquirer offers to pay more for the shares needed to gain control than for the remaining shares.
Broader	takeover bid	An offer to buy shares in order to take over the company