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tender offer
noun
: 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
Design software startup Figma has closed a tender offer valuing the design software startup at $12.5 billion, a spokesperson tells Axios.
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Kerry Flynn, Axios, 18 July 2024
Wall Street Journal Financial software company Stripe will let its employees cash out more of their stock shares, marking its third worker tender offer, as the business continues to hold off an initial public offering.
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Sasha Rogelberg, Fortune, 18 June 2024
Novartis said it’s met all tender offer conditions to acquire German biotech Morphosys.
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Elaine Chen, STAT, 16 May 2024
After Kakao’s successful tender offer upped its stake to 35%, HYBE relented and sold 44% of its SM Entertainment shares to Kakao later that month.
—
Glenn Peoples, Billboard, 5 Mar. 2024
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These examples are programmatically compiled from various online sources to illustrate current usage of the word 'tender offer.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.
Word History
First Known Use
1967, in the meaning defined above
Dictionary Entries Near tender offer
Cite this Entry
“Tender offer.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/tender%20offer. Accessed 27 Jul. 2024.
Legal Definition
tender offer
noun
: 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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