tender offer
Definition 1
Bid or offer submitted in response to an invitation to bid (ITB) or request for tenders.
Definition 2
Formal, open offer by publicly traded corporation to buy back its own outstanding securities at a stated price and within a stated timeframe.
Definition 3
Formal, open offer by a private or publicly-traded corporation to the shareholders of a publicly-traded corporation to buy their shares—usually at an attractive premium above the share current market price. Such tender offers are often a key element of a takeover strategy and are usually made subject to (1) the offerer (bidder) being able to acquire at least a minimum number of shares, and (2) automatic expiration of the offer after a certain maximum number of shares have been acquired.
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tender offer is in the Agreements & Contracts, Banking, Commerce & Finance, Investing, Purchasing & Procurement and Securities & Futures Trading subjects.
tender offer appears in the definition of the following term: tender
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