Bankmail Explained

In a bankmail agreement, a company engaged in a takeover bid, or a bid made by one company to purchase another, makes an agreement with a bank saying that the bank would only finance their possible bid, and not that of a rival attempt to acquire the takeover target.[1]

See also

Notes and References

  1. Web site: Bankmail Definition . Nasdaq.com . Nasdaq . 22 August 2021.