Tender Offer (Noun)
Meaning
An offer to buy shares in a corporation (usually above the market price) for cash or securities or both.
Classification
Nouns denoting communicative processes and contents.
Examples
- The company's board of directors decided to accept the tender offer presented by the potential acquirer after a unanimous vote.
- Tender offers often create controversy among existing shareholders who are uncertain about the fate of the company.
- To successfully implement a hostile takeover, the corporation made a tender offer to buy controlling shares of the target company.
- The majority shareholders opposed the hostile tender offer, citing concerns about the possible negative impact on the corporation's employees.
- The bidders launched a tender offer aimed at acquiring up to 60% of the outstanding common shares of their rival firm.