an offer to purchase shares of a limited company with a view to gaining control, an offer made to the holders of the securities of a company to acquire all or part of such securities by payment in cash and/or in exchange for other securities. A bid may be either mandatory, if so provided by Member States as a means to protect minority shareholders, or voluntary ..., an offer made to shareholders of a company by a financier,financial institution or other company to buy their securities at a named price with the object of securing control of their company, avalik pakkumine Eesti börsil noteeritud aktsia või Eesti turul kaubeldava aktsia emitendi (edaspidi sihtemitent) aktsionäridele (edaspidi sihtisikud) nendelt aktsiate omandamiseks raha või börsil noteeritud või turul kaubeldavate väärtpaberite eest. Ülevõtmispakkumiseks ei ole sihtemitendi avalik pakkumine oma aktsionäridele sihtemitendi aktsiate omandamiseks.