virtual bid or offer

virtual bid or offer
irtual bid or offer
nited Kingdom
his situation can arise where a potential bidder makes an announcement that it is considering a possible offer for a target company but it does not have the agreement of the target to the bid. Virtual bid tactics are often used by a potential bidder as a means of seeking indirectly (for example, through statements released to the media) to persuade the shareholders of a target company to put pressure on the target board to negotiate with the bidder in relation to an offer for the target.

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

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