i just read that word in the wall street journal, and it was a new one on me. they were describing the deal the treasury is working up to rescue lehman brothers.

a "takeunder" is the opposite of a takeover; when they offer less to buy a company than it was trading for before they made the offer in the first place. now i've not only heard of the term, i've been a victim of it all at the same time.

aurelian resources, the first "takeunder" in the mining sector. thanks again, patrick.