diff --git a/src/command.cpp b/src/command.cpp
index b63b416141..2f4cca0b33 100644
--- a/src/command.cpp
+++ b/src/command.cpp
@@ -144,6 +144,7 @@ CommandProc CmdPause;
 CommandProc CmdBuyShareInCompany;
 CommandProc CmdSellShareInCompany;
 CommandProc CmdBuyCompany;
+CommandProc CmdDeclineBuyCompany;
 
 CommandProc CmdFoundTown;
 CommandProc CmdRenameTown;
@@ -380,7 +381,8 @@ static const Command _command_proc_table[] = {
 
 	DEF_CMD(CmdBuyShareInCompany,                              0, CMDT_MONEY_MANAGEMENT      ), // CMD_BUY_SHARE_IN_COMPANY
 	DEF_CMD(CmdSellShareInCompany,                             0, CMDT_MONEY_MANAGEMENT      ), // CMD_SELL_SHARE_IN_COMPANY
-	DEF_CMD(CmdBuyCompany,                                     0, CMDT_MONEY_MANAGEMENT      ), // CMD_BUY_COMANY
+	DEF_CMD(CmdBuyCompany,                                     0, CMDT_MONEY_MANAGEMENT      ), // CMD_BUY_COMPANY
+	DEF_CMD(CmdDeclineBuyCompany,                              0, CMDT_MONEY_MANAGEMENT      ), // CMD_DECLINE_BUY_COMPANY
 
 	DEF_CMD(CmdFoundTown,                CMD_DEITY | CMD_NO_TEST, CMDT_LANDSCAPE_CONSTRUCTION), // CMD_FOUND_TOWN; founding random town can fail only in exec run
 	DEF_CMD(CmdRenameTown,                CMD_DEITY | CMD_SERVER, CMDT_OTHER_MANAGEMENT      ), // CMD_RENAME_TOWN
diff --git a/src/command_type.h b/src/command_type.h
index b7b29cde0a..073888428b 100644
--- a/src/command_type.h
+++ b/src/command_type.h
@@ -322,6 +322,7 @@ enum Commands {
 	CMD_BUY_SHARE_IN_COMPANY,         ///< buy a share from a company
 	CMD_SELL_SHARE_IN_COMPANY,        ///< sell a share from a company
 	CMD_BUY_COMPANY,                  ///< buy a company which is bankrupt
+	CMD_DECLINE_BUY_COMPANY,          ///< decline to buy a company which is bankrupt
 
 	CMD_FOUND_TOWN,                   ///< found a town
 	CMD_RENAME_TOWN,                  ///< rename a town
diff --git a/src/company_base.h b/src/company_base.h
index 0d2e0621b8..dc046eb907 100644
--- a/src/company_base.h
+++ b/src/company_base.h
@@ -81,6 +81,7 @@ struct CompanyProperties {
 	Year inaugurated_year;           ///< Year of starting the company.
 
 	byte months_of_bankruptcy;       ///< Number of months that the company is unable to pay its debts
+	CompanyID bankrupt_last_asked;   ///< Which company was most recently asked about buying it?
 	CompanyMask bankrupt_asked;      ///< which companies were asked about buying it?
 	int16 bankrupt_timeout;          ///< If bigger than \c 0, amount of time to wait for an answer on an offer to buy this company.
 	Money bankrupt_value;
@@ -107,7 +108,7 @@ struct CompanyProperties {
 		: name_2(0), name_1(0), president_name_1(0), president_name_2(0),
 		  face(0), money(0), money_fraction(0), current_loan(0), colour(0), block_preview(0),
 		  location_of_HQ(0), last_build_coordinate(0), share_owners(), inaugurated_year(0),
-		  months_of_bankruptcy(0), bankrupt_asked(0), bankrupt_timeout(0), bankrupt_value(0),
+		  months_of_bankruptcy(0), bankrupt_last_asked(INVALID_COMPANY), bankrupt_asked(0), bankrupt_timeout(0), bankrupt_value(0),
 		  terraform_limit(0), clear_limit(0), tree_limit(0), purchase_land_limit(0), build_object_limit(0), is_ai(false) {}
 };
 
diff --git a/src/company_cmd.cpp b/src/company_cmd.cpp
index 900ccb739b..eba6cfa968 100644
--- a/src/company_cmd.cpp
+++ b/src/company_cmd.cpp
@@ -707,6 +707,7 @@ static void HandleBankruptcyTakeover(Company *c)
 	}
 
 	SetBit(c->bankrupt_asked, best->index);
+	c->bankrupt_last_asked = best->index;
 
 	c->bankrupt_timeout = TAKE_OVER_TIMEOUT;
 	if (best->is_ai) {
diff --git a/src/company_gui.cpp b/src/company_gui.cpp
index bac4d59a3d..ad514b06e2 100644
--- a/src/company_gui.cpp
+++ b/src/company_gui.cpp
@@ -2791,6 +2791,14 @@ struct BuyCompanyWindow : Window {
 		this->InitNested(window_number);
 	}
 
+	~BuyCompanyWindow()
+	{
+		const Company *c = Company::GetIfValid((CompanyID)this->window_number);
+		if (c != nullptr && HasBit(c->bankrupt_asked, _current_company)) {
+			DoCommandP(0, this->window_number, 0, CMD_DECLINE_BUY_COMPANY);
+		}
+	}
+
 	void UpdateWidgetSize(int widget, Dimension *size, const Dimension &padding, Dimension *fill, Dimension *resize) override
 	{
 		switch (widget) {
diff --git a/src/economy.cpp b/src/economy.cpp
index dcdc7e5932..5d7639649c 100644
--- a/src/economy.cpp
+++ b/src/economy.cpp
@@ -2285,6 +2285,8 @@ static void DoAcquireCompany(Company *c)
 
 	if (c->is_ai) AI::Stop(c->index);
 
+	c->bankrupt_asked = 0;
+
 	DeleteCompanyWindows(ci);
 	InvalidateWindowClassesData(WC_TRAINS_LIST, 0);
 	InvalidateWindowClassesData(WC_TRACE_RESTRICT_SLOTS, 0);
@@ -2429,6 +2431,31 @@ CommandCost CmdBuyCompany(TileIndex tile, DoCommandFlag flags, uint32 p1, uint32
 	return cost;
 }
 
+/**
+ * Decline to buy up another company.
+ * When a competing company is gone bankrupt you get the chance to purchase
+ * that company, actively decline the offer.
+ * @param tile unused
+ * @param flags type of operation
+ * @param p1 company to buy up
+ * @param p2 unused
+ * @param text unused
+ * @return the cost of this operation or an error
+ */
+CommandCost CmdDeclineBuyCompany(TileIndex tile, DoCommandFlag flags, uint32 p1, uint32 p2, const char *text)
+{
+	CompanyID target_company = (CompanyID)p1;
+	Company *c = Company::GetIfValid(target_company);
+	if (c == nullptr) return CommandCost();
+
+	if (flags & DC_EXEC) {
+		if (c->bankrupt_last_asked == _current_company) {
+			c->bankrupt_timeout = 0;
+		}
+	}
+	return CommandCost();
+}
+
 uint ScaleQuantity(uint amount, int scale_factor)
 {
 	scale_factor += 200; // ensure factor is positive
diff --git a/src/saveload/company_sl.cpp b/src/saveload/company_sl.cpp
index 041af087ea..21fbb7894b 100644
--- a/src/saveload/company_sl.cpp
+++ b/src/saveload/company_sl.cpp
@@ -274,6 +274,7 @@ static const SaveLoad _company_desc[] = {
 	    SLE_VAR(CompanyProperties, num_valid_stat_ent,    SLE_UINT8),
 
 	    SLE_VAR(CompanyProperties, months_of_bankruptcy,  SLE_UINT8),
+	SLE_CONDVAR_X(CompanyProperties, bankrupt_last_asked, SLE_UINT8,         SL_MIN_VERSION, SL_MAX_VERSION, SlXvFeatureTest(XSLFTO_AND, XSLFI_BANKRUPTCY_EXTRA)),
 	SLE_CONDVAR(CompanyProperties, bankrupt_asked,        SLE_FILE_U8  | SLE_VAR_U16,  SL_MIN_VERSION, SLV_104),
 	SLE_CONDVAR(CompanyProperties, bankrupt_asked,        SLE_UINT16,                SLV_104, SL_MAX_VERSION),
 	    SLE_VAR(CompanyProperties, bankrupt_timeout,      SLE_INT16),
diff --git a/src/saveload/extended_ver_sl.cpp b/src/saveload/extended_ver_sl.cpp
index 863d80c960..edb314f3b2 100644
--- a/src/saveload/extended_ver_sl.cpp
+++ b/src/saveload/extended_ver_sl.cpp
@@ -156,6 +156,7 @@ const SlxiSubChunkInfo _sl_xv_sub_chunk_infos[] = {
 	{ XSLFI_EXTRA_STATION_NAMES,    XSCF_NULL,                1,   1, "extra_station_names",       nullptr, nullptr, nullptr        },
 	{ XSLFI_DEPOT_ORDER_EXTRA_FLAGS,XSCF_IGNORABLE_UNKNOWN,   1,   1, "depot_order_extra_flags",   nullptr, nullptr, nullptr        },
 	{ XSLFI_EXTRA_SIGNAL_TYPES,     XSCF_NULL,                1,   1, "extra_signal_types",        nullptr, nullptr, nullptr        },
+	{ XSLFI_BANKRUPTCY_EXTRA,       XSCF_NULL,                1,   1, "bankruptcy_extra",          nullptr, nullptr, nullptr        },
 	{ XSLFI_NULL, XSCF_NULL, 0, 0, nullptr, nullptr, nullptr, nullptr },// This is the end marker
 };
 
diff --git a/src/saveload/extended_ver_sl.h b/src/saveload/extended_ver_sl.h
index d42986dcce..200f668e20 100644
--- a/src/saveload/extended_ver_sl.h
+++ b/src/saveload/extended_ver_sl.h
@@ -110,6 +110,7 @@ enum SlXvFeatureIndex {
 	XSLFI_EXTRA_STATION_NAMES,                    ///< Extra station names
 	XSLFI_DEPOT_ORDER_EXTRA_FLAGS,                ///< Depot order extra flags
 	XSLFI_EXTRA_SIGNAL_TYPES,                     ///< Extra signal types
+	XSLFI_BANKRUPTCY_EXTRA,                       ///< Extra company bankruptcy fields
 
 	XSLFI_RIFF_HEADER_60_BIT,                     ///< Size field in RIFF chunk header is 60 bit
 	XSLFI_HEIGHT_8_BIT,                           ///< Map tile height is 8 bit instead of 4 bit, but savegame version may be before this became true in trunk