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Initial offer definition
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initial offer
The first offer made by a company for another company's shares. If the offer becomes successful, it will then go 'unconditional' and eventually becomes 'compulsory'.
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http://www.encyclo.co.uk/visitor-contributions.php
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first
introductory
opening
pilot
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The first offer made by a company for another company's shares. If the offer becomes successful, it will then go 'unconditional' and eventually becomes 'compulsory'.