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 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 The tender offer was delayed by the drama of CEO Sam Altman’s ouster and return late last year. David Meyer, Fortune, 19 Feb. 2024 The terms and size of SpaceX’s tender offer could change. Will Daniel, Fortune, 7 Dec. 2023 Most of these firms invested in the company via a $300 million tender offer in April that valued OpenAI at $29 billion. Jessica Mathews, Fortune, 20 Nov. 2023 As an exclusive rights free agent, the Cardinals can bring him back on a one-year tender offer, prohibiting him from negotiating with other teams. Bob McManaman, The Arizona Republic, 4 Jan. 2024 The company is set to complete a separate tender offer in early January, which would allow employees to sell their shares at a valuation of $86 billion, Bloomberg previously reported. Gillian Tan, Fortune, 23 Dec. 2023 In a profile of Khosla published on Friday, The Information specified that Khosla Ventures took a 5% stake in the AI developer in 2019, which is now worth billions of dollars with the pending tender offer (which, by the way, is still in the works, someone involved tells me). Jessica Mathews, Fortune, 4 Dec. 2023 Boring Company was last valued at $5.6 billion in 2022, though a tender offer recently reported in The Information now implies a valuation of more than $7 billion. Byjessica Mathews, Fortune, 20 Nov. 2023

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

Time Traveler
The first known use of tender offer was in 1967

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 16 Apr. 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
Last Updated: - Updated example sentences
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