tender offer
tender offer
Noun | 1. | tender offer - an offer to buy shares in a corporation (usually above the market price) for cash or securities or both |
单词 | tender offer | |||
释义 | tender offertender offer
Tender OfferTender OfferA proposal to buy shares of stock from the stockholders of a corporation, made by a group or company that desires to obtain control of the corporation. A tender offer to purchase may be for cash or some type of corporate security of the acquiring company—for example, stock, warrants, or debentures. Such an offer is sometimes subject to either a minimum or maximum that the offeror will accept and is communicated to the stockholders through newspaper advertisements or a general mailing to the complete list of stockholders. Tender offers are subject to regulations by state and federal Securities laws, such as the Williams Act (15 U.S.C.A. § 78a et seq.). Cross-referencesMergers and Acquisitions; Stock Warrant. Tender offerTender offerTender Offertender offerTender offer.When a corporation or other investor offers to buy a large portion of outstanding shares of another company, called the target company, at a price higher than the market price, it is called a tender offer. The tender is usually part of a bid to take over the target company. Current stockholders, individually or as a group, can accept or reject the offer. If the tender offer is successful and the corporation accumulates 5% or more of another company, it has to report its holdings to the Securities and Exchange Commission (SEC), the target company, and the exchange or market on which the target company's shares are traded. tender offer
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