Also known as the target company or target. A company in respect of which an offer has been made or is in contemplation to which the Takeover Code (the Code) applies. Paragraph 3 of the Introduction to the Code sets out the rules as to the companies, transactions and persons to which the Code applies. The Code definition of offeree provides that any reference to an offeree company includes a potential offeree company.

For further information, see Practice note, Takeovers: overview.