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take-under. In DICTIOUS you will not only get to know all the dictionary meanings for the word
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English
Etymology
Modelled on takeover.
Noun
take-under (plural take-unders)
- (business) A proposed acquisition of a company at a price below its market price.
2008 October 24, Eric Dash, “PNC Gets National City in Latest Bank Acquisition”, in New York Times:PNC said the deal represented an offer of $2.23 for each share of National City, or nearly 19 percent below the stock’s closing price on Thursday. That makes the acquisition a “take-under,” meaning the purchase price is below the market value of the target company.
2015 October 21, Antoine Gara, “Why KLA-Tencor's Sale Should Change Silicon Valley Forever”, in Forbes:Yes SanDisk is being acquired at a 40% premium to its stock price at the beginning of October, but the deal amounts to a 20% take-under from beginning of year share prices.
2023 March 20, Roben Farzad, “Can banking takeovers and rescues stabilize the markets?”, in PBSNewsHour (transcript of interview):And, immediately, they realized that Credit Suisse could not stand on its own two feet. And the government there in Europe, I think there was a lot of suasion to force what effectively is a shotgun take-under, a merger.