two-tier bid

(redirected from two-tier tender offer)
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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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The Rights have been declared by the Board in order to deter such tactics, including a gradual accumulation of shares in the open market of a 20% or greater position to be followed by a merger or a partial or two-tier tender offer that may not treat all shareholders equally.
This Plan contains provisions to protect shareholders in the event of an unsolicited attempt to acquire the company, including an accumulation of shares through open market or private purchases, a partial or two-tier tender offer that does not treat all shareholders equally, a squeeze-out merger, and other abusive takeover tactics which the company may believe are not in the best interests of its shareholders.
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.