What does ANY-AND-ALL BID mean?

ANY-AND-ALL BID meaning in Law Dictionary

TAKEOVER process where a company seeking to acquire a target company agrees to pay for the same price for almost any stocks being tendered. The anyandall bid stands in contrast to the TWOTIER BID, where investors get an inducement PREMIUM for tendering their shares by a short cutoff time.

ANY-AND-ALL BID meaning in General Dictionary

a takeover bid where acquirer offers to purchase all stocks outstanding