Bankmail

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DEFINITION of '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.

INVESTOPEDIA EXPLAINS 'Bankmail'

Bankmail agreements are meant to stop other potential acquirers from receiving similar financing arrangements.

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    A letter of intent is likely to encompass a number of different aspects, and it varies in length according to the level of ... Read Full Answer >>
  3. How can a company resist a hostile takeover?

    Several different defense strategies can be applied by existing corporate boards to ward off a hostile takeover. The most ... Read Full Answer >>
  4. How does a letter of intent work in the context of mergers and acquisitions?

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  5. What happens to the shares of a company that has been the object of a hostile takeover?

    The shares of a company that is the object of a hostile takeover rise. When a group of investors believe management is not ... Read Full Answer >>
  6. What are some roles of an investment bank?

    Investment banks serve a number of purposes in the financial and investment world, including underwriting of new stock issues, ... Read Full Answer >>
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