In investment, an any-or-all bid denotes a bid made by an investor looking to gain a majority stake in a public company.
When an investor makes an any-or-all bid, they offer to buy any of the company's shares which are or become available for purchase at a predetermined price or better.
An any-or-all bids are typically used in takeovers. In this case, an acquiring company or investor used an any-or-all bid to acquire a majority of shares in the stock of a target company, thereby obtaining a majority vote.
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