UNSOLICITED BID

Unsolicited Bid is an offer from an entity that may be an individual, a company, or a group of investors to buy a company that is not actively for sale. The bid exists due solely to the bidder’s intent to purchase the company and in no way the fault of the bid-upon company. Sometimes unsolicited bids are called hostile bids when the company being bid upon does not react well with the proposition and does not want to be bought.