A stock exchange bid can best be defined as:

Multiple Choice

Agreement between firms to cooperate in pursuit of a joint goal.

Attempts to gain control of a firm by soliciting a sufficient number of shareholder votes to replace existing management.

Going private transactions in which a large percentage of the money used to buy the stock is borrowed. Often incumbent management is involved.

All publicly owned stock in a firm is replaced with complete equity ownership by a private group.

A corporate takeover bid communicated to the shareholders through a stock exchange.