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

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

The moves put the stamp of the company’s new chief executive, Tony Spring, on an effort to keep the largest department store operator in the United States profitable and stave off a pending takeover bid. —Jordyn Holman, New York Times, 27 Feb. 2024

Macy’s board saw off a takeover bid from Arkhouse Management and Brigade Capital Management in January, which would have valued the company at $5.8 billion. —Robert Hart, Forbes, 27 Feb. 2024

Allegations of workplace discrimination helped drag down Activision’s stock price in 2021, paving the way for Microsoft’s eventual takeover bid in January 2022. —Alex Veiga, Fortune, 17 Dec. 2023

But some 18% of shareholders who were not affiliated with Imax’s takeover bid voted against the buyout, exceeding the 10% threshold required to defeat the proposal. —Patrick Frater, Variety, 11 Oct. 2023

Boesky later named Icahn to prosecutors investigating the unsuccessful takeover bid as possible market manipulation. —Chris Dolmetsch, Fortune, 16 May 2023

In February this year, another talent firm Hybe Corp. bought a tranche of SM shares from founder Lee Soo-man and mounted a takeover bid. —Patrick Frater, Variety, 18 Aug. 2023