Other Bidder definition
Examples of Other Bidder in a sentence
In December 1998, two members of the Company's Board of Directors (the "Board") were contacted by a representative of a corporation (the "Other Bidder") regarding a possible transaction in which the Other Bidder would acquire the Company.
Throughout this period, the Company was also in discussions with the Other Bidder to ascertain its interest in pursuing a transaction with the Company.
However, the Other Bidder was unwilling to proceed with a transaction with the Company other than at price levels of $4 to $5 per Share, which was significantly lower than the price levels discussed with Parent.
The Holdco Memorandum and Articles of Association and the Other Bidder Merger Party Organisational Documents are in full force and effect, Holdco is not in violation of the Holdco Memorandum and Articles of Association and the other Bidder Merger Parties are not in violation of the Other Bidder Merger Party Organisational Documents.
During February and early March, 1999, the Company engaged in a number of discussions and exchanges with the Other Bidder with respect to the potential acquisition of the Company by the Other Bidder.