BNET Business Dictionary

Business Definition for: Bid

  • an offer to buy all or the majority of the capital shares of a company in an attempted takeover
  • the highest price a prospective buyer for a good or service is prepared to pay

Wiktionary Definition for: Bid

  • #(Past tense: '''bade''', past participle: '''bidden''') ''(transitive)'' to issue a command; to tell
  • Ex:''He '''bade''' me to come in.''
  • #(Past tense: '''bade''', past participle: '''bidden''') ''(transitive)'' to invite; to summon
  • Ex:''She was '''bidden''' to the wedding.''
  • #(Past tense: '''bade''', past participle: '''bidden''') ''(transitive)'' to utter a greeting or salutation
  • Ex:''We '''bade''' him farewell.''
  • Ex:'''1999:''' " H e walked up to the village of Wall and '''bade''' good morning to the guards on the gate." — ''Stardust'', Neil Gaiman, page 15 (2001 Perennial Edition).
  • #(Past tense and past participle: '''bid''') ''(intransitive)'' to make an offer to pay or accept a certain price
  • Ex:''Have you ever '''bid''' in an auction?''
  • #(Past tense and past participle: '''bid''') ''(intransitive)'' (''card games'') to announce one's goal, before starting play
  • #(Past tense and past participle: '''bid''') ''(transitive)'' to offer as a price
  • Ex:''She '''bid''' £2000 for the Persian carpet.''
  • #(Past tense and past participle: '''bid''') ''(transitive)'' (''card games'') to announce one's goal, before starting play
  • An offer at an auction
  • (''ultimate frisbee'') a (failed) attempt to receive or intercept a pass
  • Ex:''Nice '''bid'''!''
  • first person singular present tense of bidden; to pray
  • #sort; kind; type ; race
  • #sot

Additional Resources

Ferrero, Hershey Mull Cadbury Bid, Kraft Seen No.1
By David Jones and Brad DorfmanLONDON/CHICAGO (Reuters) - Italy's Ferrero and U.S.-based Hershey Co are considering a bid for chocolatier Cadbury Plc CBRY, but Kraft Foods Inc KFT is still seen as the front-runner with its $16.8 billion hostile offer.Hershey HSY and family-owned Ferrero, the maker of Nutella chocolate spread,...
Tags: Bid, Kraft Foods Inc., Cadbury Schweppes Plc., Hershey, Ferrero, Exclusivity Agreement, Financial Accounting, Hershey Co.
News items 2009-11-19
Kraft Turns Hostile in $16 Billion Bid For Cadbury
By David Jones and Brad DorfmanLONDON/CHICAGO (Reuters) - Kraft Foods Inc KFT chief Irene Rosenfeld refused to sweeten her $16.2 billion offer for candy maker Cadbury Plc CBRY and took the bid directly to shareholders on Monday, setting the stage for a takeover battle that could last up to three...
Tags: Bid, Kraft Foods Inc., Hershey Co., Cadbury Schweppes Plc., Financial Accounting, Lazard, PepsiCo, Rosenfeld
News items 2009-11-09
Kraft Turns Hostile in Bid For Cadbury
By David Jones and Brad DorfmanLONDON/CHICAGO (Reuters UK) - Kraft Foods Inc chief Irene Rosenfeld refused to sweeten her $16.2 billion (9.7 billion pounds) offer for candy maker Cadbury Plc and took the bid directly to shareholders on Monday, setting the stage for a takeover battle that could last up...
Tags: Bid, Kraft Foods Inc., Cadbury Schweppes Plc., Hershey Co, Financial Accounting, Food & Beverage, Lazard, Rosenfeld
News items 2009-11-09
BHP Unlikely to Make Fresh Rio Bid
By Eric OnstadLONDON (Reuters UK) - The chance of BHP Billiton BLT BHP making another attempt to take over rival Rio Tinto RIO RIO soon after a bid ban expires later this month is low, analysts said on Tuesday.BHP, the world's biggest mining company, scrapped its hostile all-share bid for...
Tags: BHP Billiton, Rio Tinto, Mergers & Acquisitions, Investment, Finance, Blount International Inc., Oukbs
News items 2009-11-17
Cisco Has Few Choices in Tandberg Bid: Analyst
Now that Tandberg shareholders have rejected Cisco?s $3 billion bid, the networking giant has to decide whether to up its offer or walk away. Frost & Sullivan analyst Roopam Jain believes the upside of acquiring is too great for Cisco to drop its pursuit, so she expects the company to...
Tags: Cisco Systems Inc.
News items 2009-10-15
Hershey Mulls $17 Billion Solo Bid For Cadbury: Source
By Jessica HallPHILADELPHIA (Reuters) - U.S. chocolate maker Hershey Co HSY is considering launching a bid of at least $17 billion for British chocolatier Cadbury Plc CBRY as it seeks to trump a hostile offer by Kraft Foods Inc, a source familiar with the matter said on Friday.Hershey has lined...
Tags: Kraft Foods Inc., Hershey Co., Cadbury Schweppes Plc., Hershey, Bank of America Corp., FBR Capital Markets Corp., Food & Beverage, J.P. Morgan Chase & Co.
News items 2009-11-20
Hershey Mulls ã10 Billion Solo Bid For Cadbury - Source
By Jessica HallPHILADELPHIA (Reuters UK) - U.S. chocolate maker Hershey Co HSY is considering launching a bid of at least $17 billion (10 billion pounds) for chocolatier Cadbury Plc CBRY as it seeks to trump a hostile offer by Kraft Foods Inc, a source familiar with the matter said on...
Tags: Kraft Foods Inc., Hershey Co., Cadbury Schweppes Plc., Hershey, Bank of America Corp., FBR Capital Markets Corp., Food & Beverage, J.P. Morgan Chase & Co.
News items 2009-11-20
Hershey Mulls $17 Billion Solo Bid For Cadbury: Source
By Jessica HallPHILADELPHIA (Reuters) - U.S. chocolate maker Hershey Co HSY is considering launching a bid of at least $17 billion for British chocolatier Cadbury Plc CBRY as it seeks to trump a hostile offer by Kraft Foods Inc, a source familiar with the matter said on Friday.Hershey has lined...
Tags: Kraft Foods Inc., Hershey Co., Cadbury Schweppes Plc., Hershey, Bank of America Corp., FBR Capital Markets Corp., Food & Beverage, J.P. Morgan Chase & Co.
News items 2009-11-20
A Worst-Case Scenario in the Roche-Genentech Bid
It’s been nearly a month since Roche bid $44 billion to completely buy out Genentech, which seems like a good point at which to ask whether Roche, if successful, could end up destroying the value it’s seeking to acquire. When the bid was announced, there were immediate...
Tags: Roche Holding AG, Genentech Inc., Recruiters, Investment, Finance, Jim Edwards
Blog posts 2008-08-20
Boeing Drags Its Heels on Air Force Bid
Ockham Research submits: The USAF tanker contract bidding process added yet another wrinkle Friday as Boeing BA asked for an extended deadline before it submits a bid to the Department of Defense. As we have posted previously, the contract was originally awarded to Northrop Grumman NOC, but after an...
Tags: Boeing Co., Transport, Northrop Grumman Corp.
External links 2008-08-23
Cisco Bumps Tandberg Bid to $3.41 Billion
OSLO/NEW YORK, Nov 16 (Reuters) - Cisco Systems Inc raised its bid for Tandberg ASA 10 percent to 19 billion Norwegian crowns ($3.41 billion), a move widely expected to win over shareholders of the video conferencing company. Cisco said on Monday its new bid of 170 crowns per share has...
Tags: Thomson Reuters Corp., Cisco Systems Inc.
News items 2009-11-16
Hershey and Ferrero's Cadbury Interest Unlikely to Push Up Kraft Bid
It's not that I don't think Kraft Foods KFT will ultimately have to raise its offer in its hostile takeover bid for Cadbury CBY. The offer was low when it was floated in September and, thanks to changes in stock prices, the offer was even lower last week when Kraft...
Tags: Kraft Foods Inc., Cadbury Schweppes Plc., Food & Beverage, Investment, Games, Financial Accounting, Manufacturing, Finance, Personal Technology, Katherine Glover
Blog posts 2009-11-18
Kraft Weighs Higher Cadbury Bid as Rivals Circle: Source
PHILADELPHIA/ZURICH (Reuters) - Kraft Foods Inc KFT may raise its offer for Cadbury Plc CBRY or offer more cash in its bid if rival takeover offers emerge, a source familiar with the situation said on Sunday.Kraft made a $16.8 billion hostile offer to acquire U.K. confectioner Cadbury, but rivals such...
Tags: Kraft Foods Inc., Hershey Co., Cadbury Schweppes Plc., Nestle S.A., Kraft, Corporate Law, Mergers & Acquisitions, Ferrero
News items 2009-11-22
Kraft Weighs Higher Cadbury Bid - Source
PHILADELPHIA/ZURICH (Reuters UK) - Kraft Foods may raise its offer for Cadbury or offer more cash in its bid if rival takeover offers emerge, a source familiar with the situation said on Sunday.Kraft made a $16.8 billion (10.2 billion pound) hostile offer to acquire confectioner Cadbury, but rivals such as...
Tags: Kraft Foods Inc., Cadbury Schweppes Plc., Nestle S.A., Kraft, Hershey, Corporate Law, Mergers & Acquisitions, Ferrero
News items 2009-11-22
Week in Review.(Briefs)(Royal Bank of Scotland PLC bid for LaSalle Bank Corp.)(Magna International Inc. to acquire DaimlerChrysler AG. Chrysler Group)(Pick-Fort Shelby Hotel financed by ShoreBank)
RBS-led group makes hostile bid for ABN Amro, LaSalle Netherlands-based ABN Amro Holding N.V. said Monday that it received a hostile takeover bid of $96.4 billion and a related bid of $24.5 billion for its Chicago-based LaSalle Bank Corp. subsidiar RBS-led group makes hostile...
Tags: ABN AMRO, Chrysler LLC, Crain, Daimler AG
Research articles 2007-05-14
Firm loses late bid protest.(Corps Business News)
FIRM LOSES LATE BID PROTEST: Burning the midnight oil to fashion an acceptable bid for the Corps of Engineers--or any other federal agency for that matter--is all in vain if the bid fails to get to the government agency on time. A recent protest of a ...
Tags: General Accounting Office
Research articles 2003-07-09
Bidder erred in marking photocopies; GAO says Corps rightly rejected bid.(Contractors Corner)
The General Accounting Office GAO has ruled that the use of marked photocopies of a Corps' bid schedule rendered the bid "ambiguous and nonresponsive." GAO ruled that the Corps was correct in rejecting the bid. The General Accounting Office GAO has ruled that the...
Tags: General Accounting Office
Research articles 2004-07-07
Putin a firm backer of Socho Winter Olympic bid
BEIJING AFP — The Black Sea resort of Socho's bid to bring the Winter Olympics to Russia for the first time in 2014 has the full backing of the Kremlin, the bid's chief executive said here. Showcasing the bid during an Olympic forum on sport in Beijing, host of the...
Tags: Agence France-Presse, Beijing, FINANCE, Games, Government, Investment, president, Russia
Research articles 2006-10-23
Bid results.(Real Estate & Construction)
The following are bid requests and bid results involving companies or projects that were listed at The Wenatchee Construction Council's Plan Center last month. Some are also provided by the PUD No. I of Douglas County. Information on bid requests includes the project name, deadline and...
Tags: agency, MARKETING, Transportation, U.S. Department of State
Research articles 2004-02-01
Roche-Genentech Deal: $95 Bid Coming by February
UPDATE: Roche CFO Erich Hunziker confirmed that the Genentech bid was "on track" and said this about jobs at Genentech: “the cuts we intend to do at Roche are much tougher” than any planned for Genentech, he said, according to Bloomberg. Roche won’t “kill the hens that laid the golden...
Tags: Roche Holding AG, Genentech Inc., Financial Planning, Financial Accounting, Finance, Jim Edwards
Blog posts 2009-01-12