Two-tier bid - Often used in risk arbitrage. Takeover bid where the acquirer offers to pay more for the shares needed to gain control than for the remaining shares, or the same price but at different points in the merger period; contrasts with any-or-all bid.
Two-tier bid : often used in risk arbitrage. takeover bid where the acquirer offers to pay more for the shares needed to gain control than for the remaining shares, or the same price but at different points in the merger period; contrasts with any-or-all bid.
Two-tier bid