Business and Personal Finance Dictionary

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• TAKEOVER BID
  
  It is the intention of the acquirer reflected in the action of acquiring the shares of the Target company. An offer made to security holders of a company to purchase their voting securities which, together with the offering individual's already owned securities, will total over 20% of the outstanding voting securities of the company. For federally incorporated companies, the equivalent requirement is more than 10% of the outstanding voting shares of the target company.
  
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