takeover bid

noun

: an attempt by someone to gain control of the company by buying most of its stock
The company is facing a takeover bid.

Examples of takeover bid in a Sentence

Recent Examples on the Web The Wall Street Journal and Los Angeles Times lead with Paramount's owners rejecting a takeover bid from Skydance. The Week Staff, theweek, 12 June 2024 Although WeWork included a noncompete clause in Neumann’s 2019 exit agreement that prevented him from competing with or soliciting the company, the clause expired last October, and Neumann had been aggressively pursuing a takeover bid, reportedly promising to beat any competing offer by 10%. Dylan Sloan, Fortune, 28 May 2024 Hipgnosis Songs Fund investors will vote on the takeover bid at an upcoming meeting. Elizabeth Dilts Marshall, Billboard, 16 May 2024 Concord and the board of Hipgnosis Songs Fund (HSF) surprised Blackstone and the broader market on April 18 with a $1.4 billion takeover bid, which the HSF board endorsed. Elizabeth Dilts Marshall, Billboard, 16 May 2024 Paramount Global is reportedly in formal talks with Sony Pictures Entertainment and Apollo Global Management for a takeover bid, according to the New York Times. Vinamrata Chaturvedi, Quartz, 6 May 2024 Its offer of 15 euros per share is 21% above the share price the day before the consortium announced its takeover bid and 38.2% above the average of the last 20 trading days, according to the announcement. Glenn Peoples, Billboard, 19 Apr. 2024 Warner argued in March that its offer was more attractive than a rival takeover bid from Believe founder and CEO Denis Ladegaillerie and a consortium of shareholders, which had offered 15 euros per share and was backed by the board of directors. Marc Schneider, Billboard, 8 Apr. 2024 British tycoon Richard Branson could scoop a massive personal cash windfall as a reward for struggling challenger bank Virgin Money ditching its Virgin branding after a bumper takeover bid. Ryan Hogg, Fortune Europe, 11 Mar. 2024

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'takeover bid.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

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Cite this Entry

“Takeover bid.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/takeover%20bid. Accessed 21 Jun. 2024.

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