Meanings of undervalued the business in English

Yahoo officially rejected Microsoft's unsolicited bid for the internet company yesterday, saying it substantially undervalued the business.

However, William Hill spurned the consortium's initial 3.16 billion-pound cash-and-shares proposal, saying it substantially undervalued the business.

M&B today reiterated its stance that the latest approach undervalued the business and said it would not recommend an offer at that level.

AXA Asia Pacific rejected the proposal, saying it undervalued the business, but analysts said it was likely the parties involved would find an agreement.

Last month Cablevision shareholders rejected a $10.6 billion buyout bid offered by the Dolan family, after major stakeowners said it undervalued the business.