godfather offer


Also found in: Financial.

godfather offer

n
(Banking & Finance) informal a takeover bid pitched so high that the management of the target company is unable to dissuade shareholders from accepting it
[C20: from the 1972 film The Godfather, in which a character was made an offer he could not refuse by a threatening mafioso]
References in classic literature ?
In vain his godfather offered to him a place in the public service, -- in vain did he try to give him a taste for glory, -- although Cornelius, to gratify his godfather, did embark with De Ruyter upon "The Seven Provinces," the flagship of a fleet of one hundred and thirty-nine sail, with which the famous admiral set out to contend singlehanded against the combined forces of France and England.
One source told the (http://www.sportingnews.com/us/nba/news/nba-trade-deadline-of-anger-knicks-lakers-kyrie-irving-kevin-durant-anthony-davis/10cfln1ml28qf1abmalht1zhdk) Sporting News that the Celtics believe Rich Paul planted that rumor, hoping to convince New Orleans that Boston's version of a "Godfather offer" might not be coming in the offseason.
Because of the standstill, Brad Turner of the Los Angeles Times reported that the Lakers came back with a "Godfather offer" that included all of their young assets as well as cap relief.