A banks agreement with a company attempting a takeover not to finance any other potential acquirers bid.

bank's agreement with a company attempting a takeover not to finance any other potential acquirer's bid.

An agreement between a company engaged in a takeover bid and a bank that the bank will not finance the bid of another acquirer.

an agreement made between a company planning a takeover and a bank that prevents the bank from financing any other potential acquirer's bid

An agreement between a bank and corporation involved in a takeover. The bank agrees not to finance another acquirer's bid. See: Acquisition; Takeover

In a bankmail engagement, the bank of a target firm refuses financing options to firms with takeover bids. This takeover tool serves multiple purposes, which include 1) thwarting merger acquisition through financial restrictions, 2) increasing the transaction costs of the competitor’s firm to find other financial options, and 3) to permit more time for the target firm to develop other strategies or resources.