tender offer

noun

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

Examples of tender offer in a Sentence

Recent Examples on the Web The court also often enforces claims involving tender offers, like the one at the center of Mr. Neumann’s case. New York Times, "The Fed will start with bond E.T.F.s.," 12 May 2020 In addition to Green, the Bengals extended tender offers to tight end Cethan Carter, guard Alex Redmond, defensive tackle Josh Tupou and safety Brandon Wilson. Tyler Dragon, Cincinnati.com, "Cincinnati Bengals extend tender offers to Brandon Wilson, Josh Tupou and others," 16 Mar. 2020 Wide receiver Kendrick Bourne has reportedly signed his tender offer with the 49ers. Chronicle Staff, SFChronicle.com, "49ers’ WR Kendrick Bourne signs tender deal, will return next season," 6 Apr. 2020 Running back Kenyan Drake, meanwhile, agreed to sign his one-year transition tag and Arizona also took measures to bring back right tackle Justin Murray and kicker Zane Gonzalez by offering them one-year tender offers. Bob Mcmanaman, azcentral, "Cardinals have now re-secured 10 of their own free agents with Garcia, Washington deals," 24 Mar. 2020 Running back Kenyan Drake has apparently taken himself off the NFL free-agent market and agreed to sign his one-year tender offer from the Cardinals. Bob Mcmanaman, azcentral, "Running back Kenyan Drake signs tender offer, returns to Cardinals for $8.4 million in 2020," 21 Mar. 2020 After nearly a year of advances, on March 2nd Xerox made a formal tender offer for HP, a much bigger rival computer-and-printer-maker. The Economist, "Tech takeovers Xerox launches a takeover bid for HP," 5 Mar. 2020 The new investment opens a tender offer for up to $350 million of common and preferred shares in the company. Patrick Shanley, The Hollywood Reporter, "Roblox Raises $150 Million in New Funding Round," 26 Feb. 2020 Hunt can become a restricted free agent in March, but Andrew Berry said Tuesday that the Browns anticipate giving him a tender offer to keep him with the team. Scott Patsko, cleveland, "Running backs and the Browns at NFL Combine 2020: What you need to know," 26 Feb. 2020

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'tender offer.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

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First Known Use of tender offer

1967, in the meaning defined above

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The first known use of tender offer was in 1967

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Last Updated

21 May 2020

Cite this Entry

“Tender offer.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/tender%20offer. Accessed 29 May. 2020.

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More Definitions for tender offer

tender offer

noun

Financial Definition of tender offer

What It Is

A tender offer is a proposal by an investor to all current shareholders of a publicly traded corporation to tender their shares for sale at a certain price at a certain time.

How It Works

The prospective acquirer typically offers a higher price per share than the corporation's stock price. This provides shareholders with a greater incentive to unload their shares. For example, if a stock's current price is $10/share, someone wishing to take over the company might issue a tender offer for $12/share on the condition that he can acquire at least 51% of the shares.

Why It Matters

Tender offers can be executed without the consent of the company's board of directors. The potential acquirer can work directly with shareholders to takeover the company. Sometimes this is referred to as a "hostile takeover."

Source: Investing Answers

tender offer

noun

English Language Learners Definition of tender offer

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

tender offer

noun

Legal Definition of tender offer

: a public offer to purchase a specified number or range of shares from shareholders usually at a premium and in an attempt to gain control of the issuing company

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