In a bankmail agreement, a company engaged in a
takeover
In business, a takeover is the purchase of one company (the ''target'') by another (the ''acquirer'' or ''bidder''). In the UK, the term refers to the acquisition of a public company whose shares are listed on a stock exchange, in contrast to ...
bid makes an agreement with a bank that the bank would only finance their
possible bid, and not that of a rival attempt to acquire the takeover target.
See also
*
Mergers and acquisitions
*
Takeover
In business, a takeover is the purchase of one company (the ''target'') by another (the ''acquirer'' or ''bidder''). In the UK, the term refers to the acquisition of a public company whose shares are listed on a stock exchange, in contrast to ...
References
Corporate finance
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