Takeover bid : OPA (offre publique d’achat)
This term comes from the phrasal verb ‘to take over’ (prendre le controle) and ‘bid’ (offre, enchérir)
Mittal Steel made a successful takeover bid for the French steel company Arcelor. I find it disgusting that the Mittal family, one of the richest in the world, can be allowed to buy foreign companies, and then start closing factories. My heart goes out to all the French workers that have lost their jobs because of the greed of these foreign investors. Mr Mittal’s fortune is several billion dollars, more money than one could ever spend in a hundred lifetimes. How can you sleep at night Mr. Mittal, knowing that your fortune is made on the misery and poverty of the people you make unemployed?