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  1. Key Member
    Student or Learner
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      • Native Language:
      • Ukrainian
      • Home Country:
      • Ukraine
      • Current Location:
      • Ukraine

    • Join Date: Sep 2010
    • Posts: 3,469

    a bona-fide all-sash offer

    "Time Warner said the pill,known formally as a shareholder rights plan, would not preclude a bona-fide all-cash offer for the company which treayed all shareholders equally." What's "a bona-fide all-cash offer?

  2. BobK's Avatar
    Harmless drudge
    English Teacher
    • Member Info
      • Native Language:
      • English
      • Home Country:
      • UK
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      • UK

    • Join Date: Jul 2006
    • Posts: 16,037

    Re: a bona-fide all-sash offer

    I'm not sure what 'bona fide' is doing there; it may have a special meaning in the field of corporate finance. It means 'in good faith' (that is, sincere/trustworthy/honest/well-intentioned). It is a Latin phrase, but normally pronounced in Br English /'bǝʊnǝ 'faɪdi:/.

    'All-cash' in this context doesn't necessarily mean 'made up of only coins and notes'; it means that the offer is for a specific amount of money (and doesn't include, for example, an exchange of stocks).


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