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The phrase "the previous offer" is correct and usable in written English.
You can use it to refer to an offer that someone has made in the past, such as an offer to buy or sell something. For example, "I'm sorry, but I cannot accept the previous offer of $50 for this painting."
Exact(34)
The previous offer by Icahn's High River was set to expire today.
The previous offer was five shares of Sanofi stock plus 69 euros for each six Aventis shares.
The referendum result, and the government's about-turn, has shocked Greeks who had overwhelmingly rejected the previous offer.
The previous offer offered by TfL was a £250 bonus for drivers transitioning to the night tube.
The value of the previous offer, made last year, was $160 million, according to an airline executive who insisted on anonymity.
Mr. Humer valued the new offer at $45.7 billion for the 44percentt of Genentech that Roche does not own, up from $42.1 billion for the previous offer.
Similar(26)
Analyst Verity Mitchell at HSBC said: Given that the previous offers for water and sewerage companies have been successful, this is a surprising development.
"The reasons for prohibition are therefore even stronger in this instance than with the previous offers," Aer Lingus said in a statement.
The company noted in a statement the previous offers it had made to YES and reiterated its opposition to making all its customers pay $2 a month for a service that only a minority of them want.
Under the collective bargaining agreement that expired Sept. 15, the players received 57 percent of revenue, and the owners' previous offer gave the players 47 percent.
Those rates were also up from the banks' previous offer of Libor plus 3.00 and Libor plus 5.50.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com