hostile tender offer

hostile tender offer definition - business

hostile tender offer

An offer to purchase shares from a firm's stockholders when directors of the target firm have recommended that stockholders not sell their stock. Hostile tender offers sometimes cause the directors of the target company to seek a better offer from another party. Compare tender offer. See also unfriendly takeover.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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