Hostile Bid
/ˈhɒstᵻl bɪd/
Definitions
- (n.) An offer to purchase a company’s shares made directly to shareholders, usually without the approval of the company's board, often to gain control hostile to management.
The corporation faced a hostile bid from a competitor seeking to acquire majority control.
Forms
- hostile bids
Related terms
See also
Commentary
Hostile bids typically trigger defensive measures under corporate law, making understanding their nature crucial for board and shareholder rights.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.