ANY-AND-ALL BID
\ˌɛniandˈɔːl bˈɪd], \ˌɛniandˈɔːl bˈɪd], \ˌɛ_n_i__a_n_d_ˈɔː_l b_ˈɪ_d]\
Definitions of ANY-AND-ALL BID
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By Princeton University
By DataStellar Co., Ltd
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A TAKEOVER mechanism where a company seeking to acquire a target firm agrees to pay the same price for any shares that are tendered. The anyandall bid stands in contrast to the TWOTIER BID, where investors receive an inducement PREMIUM for tendering their shares by an initial cutoff date.
By Henry Campbell Black