two-tier bid

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Noun1.two-tier bid - a takeover bid where the acquirer offers to pay more for the shares needed to gain control than for the remaining sharestwo-tier bid - a takeover bid where the acquirer offers to pay more for the shares needed to gain control than for the remaining shares
takeover bid - an offer to buy shares in order to take over the company
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Examples of such transactions include a gradual accumulation of shares in the open market or a partial or two-tier tender offer that does not treat all shareholders equally, and other acquisition attempts which may unfairly pressure shareholders by coercing them to relinquish their investment, thereby depriving them of the full value of their shares.
Conditional two-tier tender offers are coercive; once the bid is announced, target shareholders will tender if the first-tier price, B, is greater than the second-tier price, [V.
Rather, the Rights Plan was adopted to protect TVI stockholders against attempts to acquire control of the Company by means of open market accumulations of shares, two-tier tender offers, offers at less than a full and fair price or other prevalent takeover tactics which the Board believes are not in the best interests of TVI stockholders," Rick Priddy, President and Chief Executive Officer stated.