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First closing date |
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First closing dateThe first closing date is one of the milestones in the process by which one company takes over another.Takeover bids involving companies quoted on the London Stock Exchange are governed by a code laid down by the City's Panel on Takeovers and Mergers. One of the most important functions of the code is to set a timetable for the bid which the parties have to stick to.Once a bid has been launched, the bidding company has 28 days to send its offer document to the target company, and then the offer has to be left open for a minimum of 21 days. That point is the first closing date.Similar MatchesClosing rangeClosing rangeA futures expression which refers to a range of closely allied prices at which transactions were conducted at the close of a trading day. Closing 52 week lowClosing 52 week lowThe lowest closing price for a specific security over the last 52 weeks. Closing costsClosing costsAll the expenses involved in transferring ownership of real estate. Agency closingAgency closingThe process in which a lender uses a title company or other firm as an agent to complete a loan. Closing saleClosing saleThe sale of an option, by a holder, identical to the option which is held. This transaction terminates his/her rights as a holder. Further SuggestionsClosing tickClosing closing price Closing Closing Costs Closing range closing purchase Closing transaction Closing Statement Closing TRIN closing 52 week high |
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