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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In this model, the bidder offers a conditional two-tier bid in which the front-end price, B, exceeds the back-end price, [V.sub.b].