BEAR HUG

bear hug.Slang. A (usu. hostile) takeover strategy in which the acquiring entity offers the target firm a price per share that is significantly higher than market value, intending to squeeze the target into accepting.

reverse bear hug.A maneuver by which a takeover target responds to a bidder’s offer by showing a willingness to negotiate but demanding a much higher price than that offered. • This is usu. an antitakeover tactic.[Blacks Law 8th]