Definition
Takeover Bid was a BBC Television primetime entertainment quiz programme that aired on BBC1 from 26 May 1990 until 15 July 1991. The programme was hosted by Bruce Forsyth and assisted by Claire Sutton.
Takeover Bid
What is a ‘Takeover Bid’
A takeover bid is a type of corporate action in which an acquiring company makes an offer to the target company’s shareholders to buy the target company’s shares in order to gain control of the business. Takeover bids can either be friendly or hostile.
Explaining ‘Takeover Bid’
Some examples of takeover bids include:
Two-Tier Bid: The acquiring company is willing to pay a premium above and beyond the share’s price in order to convince shareholders to sell their shares.
Any-and-All Bid: The acquiring company offers to buy any of the target firm’s outstanding shares at a specific price.
Further Reading
- Agency theory, managerial welfare, and takeover bid resistance – www.jstor.org [PDF]
- Disclosure laws and takeover bids – www.jstor.org [PDF]
- The role of hostile takeovers in corporate governance – www.tandfonline.com [PDF]
- The information effects of takeover bids and resistance – www.sciencedirect.com [PDF]
- Takeovers: Folklore and science – papers.ssrn.com [PDF]
- Overpaying in corporate takeovers: The winner's curse – www.tandfonline.com [PDF]
- Financing and takeovers – www.sciencedirect.com [PDF]
- The economic consequences of financial restatements: Evidence from the market for corporate control – meridian.allenpress.com [PDF]
- The hubris hypothesis of corporate takeovers – www.jstor.org [PDF]
- Shareholder wealth effects of European domestic and cross‐border takeover bids – onlinelibrary.wiley.com [PDF]
