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Take outA cash surplus generated by the sale of one block of securities and the purchase of another, e.g., selling a block of bonds at 99 and buying another block at 95. Also, a bid made to a seller of a security that is designed (and generally agreed) to take the seller out of the market.Take out Similar MatchesTake a bathTake a bathTo sustain a loss on either a speculation or an investment. Panel on Takeovers and MergersPanel on Takeovers and MergersThe City watchdog whose job is to oversee the conduct of takeovers involving companies listed on the London Stock Exchange.The Panel writes and enforces the City Code on Takeovers and Mergers, which sets out in meticulous detail the management and timing of takeover bids. The objective of the City Code is to ensure that high standards of integrity and fairness are maintained, and that shareholders in both bidding and target company are treated equitably.The Panel is not concerned with the financial or commercial advantages or disadvantages of a takeover, nor is it concerned with competition issues.The City Code does not have the force of law, but, as the Code says 'those who seek to take advantage of the facilities of the securities markets in the United Kingdom should conduct themselves in matters relating to takeovers in accordance with best business standards and so in accordance with the Code'. It goes on to say that 'Those who do not so conduct themselves may find that, by way of sanction, the facilities of those markets are withheld.'Panel on Takeovers and MergersPO Box 226The Stock Exchange BuildingLondonEC2P 2JXTel: 020 7382 9026http://www.thetakeoverpanel.org.uk Take or pay contractTake or pay contractAn agreement that obligates the purchaser to take any product that is offered (and pay the cash purchase price) or pay a specified amount if the product is not taken. On the takeOn the takeUsed in the context of general equities. Price moving upward, because more buyers are taking offerings, causing offerings to vanish and be ../../finance-glossary/d by higher ones. Antithesis of come in, get hit. Hostile takeoverHostile takeoverA takeover of a company against the wishes of the current management and the board of directors by an acquiring company or raider. Further SuggestionsTakeover targetCity code on takeovers and mergers Take up fee stakeholder pension Take a position Take off Take a powder Take Out Commitment Price taker Take back mortgage takeover hostile takeover "Take me along" Takedown Takes price Take a swing Take a flier Takeover Bust up takeover Stakeholders Takes a call take home pay Winner Takes All Price takers |
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