A takeover bid by one company for another, in which the directors of the target company oppose the bid. London Stock Exchange Glossary
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A bid for a company that is not supported by the senior management of that company.
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hostile bid UK US noun [C] FINANCE
► a situation in which one company offers to buy another company whose owners do not want to sell it: »
The two groups have opened talks about joining forces to head off a $48bn hostile bid from a fellow French oil group.
Financial and business terms. 2012.