In a bankmail engagement, the bank of a target firm refuses financing options to firms with
takeoverbids. This takeover tool serves multiple purposes, which include 1) thwarting mergeracquisition 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.
Mergers and acquisitions
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Bankmail — An agreement made between a company planning a takeover and a bank, which prevents the bank from financing any other potential acquirer s bid. Bankmail agreements are meant to stop other potential acquirers from receiving similar financing… … Investment dictionary
bankmail — An agreement between a company engaged in a takeover bid and a bank that the bank will not finance the bid of another acquirer. Bloomberg Financial Dictionary … Financial and business terms
Takeover — This article is about the business term. For Takeover, see Takeover (disambiguation). For the science fiction series, see Hostile Takeover Trilogy . In business, a takeover is the purchase of one company (the target) by another (the acquirer, or… … Wikipedia