counterbid
noun
                                                                                                                            
                                                            coun·ter·bid
                    
                                                                                                              
                                                                                                                                  ˌkau̇n-tər-ˈbid  
                                                      
                                                          
            
            
               plural counterbids or counter-bids            
        
    
                                
              
          
                                                      : a bid made in response to another bid                                      
              
                             
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
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
L. C. B. Gower
                         
                
                    
                                                      counterbid
                                      verb, 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
Laura Berman          
  
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  Merriam-Webster unabridged




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