counterbid

noun

coun·​ter·​bid ˌkau̇n-tər-ˈbid 

plural counterbids or counter-bids

: a bid made in response to another bid

After three days of further bids and counterbids, with the threat of action by competitors not hitherto involved, Axelman made McKee an especially attractive offer …

—Paul S. Nathan

… when the terms of the bid are agreed by the boards of the two companies, and no other company makes a counter-bid, the whole operation can be carried out relatively simply and inexpensively.

—L. C. B. Gower

counterbid verb, transitive + intransitive

or counter-bid

counterbid or counter-bid; counterbidding or counter-bidding

Marriott counterbid days later, offering $13.6 billion; Anbang responded on March 28, offering $14.2 billion …

—Laura Berman

Examples of counterbid in a Sentence

Recent Examples on the Web

Berlin is now considering whether to make a counterbid on the vaccine or ban the U.S. transaction. —Henry Farrell, Foreign Affairs, 16 Mar. 2020

Bloomberg reported shortly thereafter that the second group is now preparing a counterbid of its own, setting the stage for an auction this coming week that should settle things once and for all. —Kevin Dowd, Forbes, 9 May 2021

Word History

First Known Use

1847, in the meaning defined above