acceptance condition

acceptance condition
A condition of a takeover offer relating to the minimum number of acceptances by target shareholders which the bidder is seeking to obtain. The City Code on Takeovers and Mergers requires the acceptance condition to be set at shares carrying over 50% of the voting rights in the target.

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

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  • acceptance, conditional — n. Agreeing to accept an offer if a certain condition is fulfilled. The Essential Law Dictionary. Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008 …   Law dictionary

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  • acceptance — The taking and receiving of anything in good part, and as it were a tacit agreement to a preceding act, which might have been defeated or avoided if such acceptance had not been made. The act of a person to whom a thing is offered or tendered by… …   Black's law dictionary

  • acceptance — The taking and receiving of anything in good part, and as it were a tacit agreement to a preceding act, which might have been defeated or avoided if such acceptance had not been made. The act of a person to whom a thing is offered or tendered by… …   Black's law dictionary

  • condition — conditionable, adj. /keuhn dish euhn/, n. 1. a particular mode of being of a person or thing; existing state; situation with respect to circumstances. 2. state of health: He was reported to be in critical condition. 3. fit or requisite state: to… …   Universalium

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  • acceptance of nomination — A filed approval by the candidate of a nomination as a candidate for public office, sometimes required as a condition of having the name of the candidate printed on the ballot. 25 Am J2d Elect § 133. A formal speech of acceptance by a candidate… …   Ballentine's law dictionary

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