From investopedia.. funny, isn't it?
Godfather Offer: An irrefutable takeover offer made to a target company by an acquiring company. Typically, the acquisition price's premium is extemely generous compared to the prevailing market price. Therefore, if the target company's management refuses the offer,
shareholders may initiate lawsuits or other forms of revolt against the target company for not performing their fidiciary duty of looking out for the best interests of the shareholders.
Similar to the famous Godfather in the trilogy of movies, the bidding company is essentially making an offer the target company cannot afford to refuse.
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