Hostile bid

A bid for a takeover is considered hostile if the target company's board rejects the offer and is resisted strongly by the targeted company, but the bidder continues to pursue it, or the bidder makes the offer without informing the target company's board beforehand.

World class treasury team helps fend off hostile bid

"Unilever has a world class treasury team. The breadth of its activity this year and its successes, from fundraising to helping defend the company against a hostile bid, is testament to its skill."

The Treasurer magazine, February 2018, p26 - Deals of the Year.

Also known as a hostile takeover offer.

See also

• Takeover offer