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
counterbidverb, 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