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What is a takeover bid?

What is a takeover bid? Here are some definitions.

Noun
  1. (Britain) An attempt to buy a controlling share in a business.
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Irish software firm Riverdeep is a prime target for a hostile takeover bid, according to industry analysts.
PeopleSoft has also sued Oracle in connection with the hostile takeover bid.
The government says it has no power to stop a takeover bid for Manchester United.
Vladimir Romanov plans to help Hearts sign players ahead of his takeover bid.
He also brought forward the company's annual shareholder meeting to late March in what is seen as an effort to disrupt the hostile takeover bid.
It marks the first time a foreign company has launched a hostile takeover bid for a mainland company.

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