First Known Use of tender offer
Financial Definition of TENDER OFFER
What It Is
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.
TENDER OFFER Defined for English Language Learners
Definition of tender offer for English Language Learners
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
legal Definition of tender offer
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