It is the intention of the acquirer reflected in the action of acquiring the shares of the Target company. An offer made to security holders of a company to purchase their voting securities which, together with the offering individual's already owned securities, will total over 20% of the outstanding voting securities of the company. For federally incorporated companies, the equivalent requirement is more than 10% of the outstanding voting shares of the target company.
Barry Goldsmith
| APA | Barry Goldsmith. (2010). takeover bid. Retrieved September 24, 2026, from http://smartdefine.org/takeover_bid/definitions/1164796 |
| Chicago | Barry Goldsmith. 2010. "takeover bid" http://smartdefine.org/takeover_bid/definitions/1164796 (accessed September 24, 2026). |
| Harvard | Barry Goldsmith 2010, takeover bid, Smart Define, viewed 24 September, 2026, <http://smartdefine.org/takeover_bid/definitions/1164796>. |
| MLA | Barry Goldsmith. "takeover bid" 21 October 2010. Web. 24 September 2026. <http://smartdefine.org/takeover_bid/definitions/1164796> |