Bankmail

An agreement between a company engaged in a takeover bid and a bank that the bank will not finance the bid of another acquirer.

Bankmail

In acquisitions, an agreement between an acquiring company and a bank stipulating that the bank will not provide financing for any competing bid for the acquired company. For example, if Company A wishes to buy Company B, it may seek a guarantee from a bank that it will either finance Company A's bid or no bid at all. Companies use bankmail to reduce the risk that they will be outbid.

单词	bankmail
释义	Bankmail Bankmail An agreement between a company engaged in a takeover bid and a bank that the bank will not finance the bid of another acquirer. Bankmail In acquisitions, an agreement between an acquiring company and a bank stipulating that the bank will not provide financing for any competing bid for the acquired company. For example, if Company A wishes to buy Company B, it may seek a guarantee from a bank that it will either finance Company A's bid or no bid at all. Companies use bankmail to reduce the risk that they will be outbid.
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