auction sale
1.
The seller seeks competing bidders for the target company or business. This competitive process benefits the seller as it enables it to obtain the best price and sale terms and control the documents (which it normally drafts) and timetable.
2.
The sale of a company or business where the seller seeks competing bids for the target. Auction sales are becoming increasingly popular in many countries. This is partly because of increased participation by private equity funds.
Related links

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

Look at other dictionaries:

  • auction sale — noun the public sale of something to the highest bidder • Syn: ↑auction, ↑vendue • Derivationally related forms: ↑auctioneer (for: ↑auction), ↑auction (for: ↑ …   Useful english dictionary

  • auction sale — See auction …   Black's law dictionary

  • auction sale — See auction …   Ballentine's law dictionary

  • auction sale —   Kū ai kūkālā …   English-Hawaiian dictionary

  • auction — auc·tion n: a public sale of property to the highest bidder see also reserve Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. auction …   Law dictionary

  • sale — n 1 a: the transfer of title to property from one party to another for a price; also: the contract of such a transaction see also short 1 2 compare barter, donation …   Law dictionary

  • sale room — sale‧room [ˈyseɪlzrumːm, rʊm] also salesroom noun [countable] COMMERCE a room where things are sold by auction * * * sale room UK US (also …   Financial and business terms

  • sale — A contract between two parties, called, respectively, the seller (or vendor) and the buyer (or purchaser), by which the former, in consideration of the payment or promise of payment of a certain price in money, transfers to the latter the title… …   Black's law dictionary

  • auction — [16] The etymological idea underlying auction is that of ‘increasing’ – as the sale proceeds, the price offered goes up. The word comes from Latin auctiō ‘increase’, a noun derived from auct , the past participial stem of the verb augēre… …   The Hutchinson dictionary of word origins

  • auction — [16] The etymological idea underlying auction is that of ‘increasing’ – as the sale proceeds, the price offered goes up. The word comes from Latin auctiō ‘increase’, a noun derived from auct , the past participial stem of the verb augēre… …   Word origins

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”