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.
1967
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.
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 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."
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
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