Takeover Bid - Law Dictionary Search Results
Home Dictionary Name: takeover bidTakeover bid
Takeover bid, means an attempt by outsiders to wrest control from the incumbent Management of a target corporation, Black's Law Dictionary, 7th Edn., p. 1466....
hostile
hostile 1 : having an intimidating, antagonistic, or offensive nature [a work environment] 2 a : of or relating to an opposing party in a legal action [a claim] b : adverse to the interests of a party to a legal action [if the interests of the party joined involuntarily render him to the original plaintiff, he must remain a defendant "J. H. Friedenthal et al."] 3 a : adverse to or incompatible with the interests of a property owner [a use] see also adverse possession at possession easement by prescription at easement, prescription b : unwelcome by or contrary to the interests of corporate stockholders or management [a takeover bid] ...
bid
bid bid bid·ding vt : to offer (a price) for payment or acceptance vi : to make a bid : state what one will pay or take in payment [a contractor bidding for a job] bid·der n n 1 : the act of one who bids 2 a : a statement of what one will pay for something b : a statement of what one (as a contractor) will charge for something (as supplies or labor) 3 : an opportunity to bid ...
Opening biddings
Opening biddings. Before 1867, where estates were sold, under the decree of a Court of Equity, the Court considered itself to have a greater power over the contract than if the contract were made between party and party; and as the aim of the Court was to obtain as great a price as possible for the estate, it would open the biddings after the estate was sold, and put up the estate for sale again.But the Sale of (English) Land by Auction Act, 1867, has, by s. 7, abolished this inconvenient practice (under which biddings were opened even more than once), with an exception for cases of fraud or improper management of a sale, in which upon the application of any person interested in the land, 'the Court may either open the biddings, holding such bidder bound by his bidding, or discharge him from being the purchaser, and order the land to be resold', see Delves v. Delves, (1875) LR 20 Eq 77....
Bid
Bid, means to offer (a price) for payment or acceptance; to make a bid: state what one will pay or take in payment (a contractor bidding for a job), Webster's Dictionary of Law, Indian Edn. (2005), p. 40....
Competitive bidding
Competitive bidding, anything done in or about the place where a sale of goods by way of competitive bidding is held, if done in connection with the sale, must be taken to be done during the course of it, whether it is done at the time when any articles are being sold or offered for sale by way of competitive bidding or before or after any such time, Mock Auctions Act, 1961, s. 3(5) (UK), Halsbury's Laws of England, Vol. 2, para 943, p. 459....
takeover
takeover : the acquisition of control or possession (as of a corporation) [a hostile ] ...
Bid bond
Bid bond, means a surety bond often required of contractor's biddings on construction work to ensure that the successful bidder will accept the job and will also provide a performance bond, Webster's Dictionary of Law, Indian Edn. (2005), p. 85....
Bidding of the Beade
Bidding of the Beade, a charge or warning given by the parish priest to his parishioners at some special time, to come to prayers upon any festival or saint's day, according to the canons of the church; also asking the banns is called bidding, Rubric....
Dum bidding
Dum bidding, in sales at auctions, when the amount which the owner of the thing sold was willing to take for the article was written, and placed by the owner under a candlestick or other things, and it was agreed that no bidding should avail unless equal to that amount....
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