tender offer


tender offer

noun

business : an offer to buy a certain number of stock shares of a company for a set price in order to gain control of the company

Full Definition of TENDER OFFER

:  a public offer to buy not less than a specified number of shares of a stock at a fixed price from stockholders usually in an attempt to gain control of the issuing company

First Known Use of TENDER OFFER

1967

Rhymes with TENDER OFFER

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