conditional bid
noun[C]
ukus(alsoconditional takeover bid)FINANCE
anofferby onecompanytobuyanothercompanythatdependsonparticularconditions, forexample, thebuyerbeingabletobuymost of theshares:
They have made aconditionaland non-bindingbidfor thecompanyof $13 ashare.
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unconditional bid