• A firm or person that wants to buy a firm or security.
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| ||Hostile: Often refers to an unsolicited and unwanted bid by the target company. It rejects this bid and indicates that the company does not want to be acquired by that Bidder.|
| ||Targeted repurchase: The firm buys back its own stock from a potential Bidder, usually at a substantial premium, to forestall a takeover attempt.|
| ||Wanted for cash: A statement displayed on market tickers indicating that a Bidder will pay cash for same day settlement of a block of a specified security.|