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Competing bid or offer
Practical Law UK Glossary 3-107-5960 (Approx. 3 pages)
Glossary
Competing bid or offer
Also known as a competitive situation. Where there is more than one contemporaneous offer for a target company.
For further information, see Practice note, Takeovers: overview. For recent examples of competing bids and potential competing bids, see What's Market, Public M&A: Potential or actual competing bidder.