two-tier bid

(redirected from two-tier tender offer)
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Noun1.two-tier bid - a takeover bid where the acquirer offers to pay more for the shares needed to gain control than for the remaining sharestwo-tier bid - a takeover bid where the acquirer offers to pay more for the shares needed to gain control than for the remaining shares
takeover bid - an offer to buy shares in order to take over the company
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Conditional two-tier tender offers are coercive; once the bid is announced, target shareholders will tender if the first-tier price, B, is greater than the second-tier price, [V.sub.b], even if B is less than the current market price of the stock, [V.sub.0].