Refers to a firm that has become an acquisition target by virtue of the fact that another company has mentioned it as potential merger target.
In-play Sentence Examples
In command of the "Royal George" he forced the passage of the Dardanelles, but sustained considerable loss in effecting his return, the Turks having strengthened their position while he was being kept in play by their diplomatists and Napoleon's ambassador General Sebastiani.
There is a power complex in play here, and you have to deal with a tendency to become dictatorial.
Make sure they are dressed in play clothes so it doesn't matter if they get a bit messy.