Thousands of investors have told us they are confused by the investment jargon that is used by financial advisors. We also know some terms, that investors don't understand, are used by advisors as sales ploys. They establish themselves as experts when they define a term you may not understand.
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Definition of 'Takeover Bid'
In business, a takeover is a type of corporate action where one company offers to buy the other companies shares in order to gain control of the business. The takeover can be friendly or hostile, meaning that the takeover is approved by management or not approved by management.