TWO-TIER OFFER

two-tier offer. A two-step technique by which a bidder tries to acquire a target corporation, the first step involving a cash tender offer and the second usu. a merger in which the target company’s remaining shareholders receive securities from the bidder (these securities ordinarily being less favorable than the cash given in the first step).
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Carl, Chinese legal translator, specializes in translating legal documents pertaining to complex business disputes.