In Play

AAA

DEFINITION of 'In Play'

A slang phrase used to describe a firm who has become a potential takeover target or has put itself up for sale. Once a bid is made, a company is put "in play" and will often attract additional bidders.

INVESTOPEDIA EXPLAINS 'In Play'

When a firm becomes a potential takeover target, its share price will typically increase on the expectations of being bought out. For example, in the late 1980s, management at RJR Nabisco felt the share price was unjustifiably low, so it made a bid to take the company private. This bid put the company in play, soliciting numerous other bids, sending RJR Nabisco's share price through the roof.

RELATED TERMS
  1. Acquisition

    A corporate action in which a company buys most, if not all, ...
  2. Management Buyout - MBO

    A transaction where a company’s management team purchases the ...
  3. Takeover

    A corporate action where an acquiring company makes a bid for ...
  4. Shareholder

    Any person, company or other institution that owns at least one ...
  5. Play

    A slang term that describes the positive aspects of an investment ...
  6. Buyout

    The purchase of a company's shares in which the acquiring party ...
Related Articles
  1. Fundamental Analysis

    Mergers And Acquisitions: Understanding ...

  2. Active Trading Fundamentals

    Trade Takeover Stocks With Merger Arbitrage

  3. Bonds & Fixed Income

    Trademarks Of A Takeover Target

  4. Options & Futures

    The Basics Of Mergers And Acquisitions

Hot Definitions
  1. Turkey

    Slang for an investment that yields disappointing results or turns out worse than expected. Failed business deals, securities ...
  2. Conduit Issuer

    An organization, usually a government agency, that issues municipal securities to raise capital for revenue-generating projects ...
  3. Financing Entity

    The party in a financing arrangement that provides money, property, or another asset to an intermediate entity or financed ...
  4. Hyperinflation

    Extremely rapid or out of control inflation. There is no precise numerical definition to hyperinflation. Hyperinflation is ...
  5. Gross Rate Of Return

    The total rate of return on an investment before the deduction of any fees or expenses. The gross rate of return is quoted ...
  6. Debit Spread

    Two options with different market prices that an investor trades on the same underlying security. The higher priced option ...
Trading Center