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tender offer Definition

tender offer

tender offer Finance Definition
An offer to purchase shares in a company with the objective of taking over the company. A tender offer is made whether the deal is friendly or hostile. The tender offer outlines the purchase price for the shares and states whether cash or shares of the acquiring company are being offered. A tender offer also includes other relevant details.
tender offer Law Definition

n

A corporate law offer to buy all shares of a corporation’s stock up to a certain number by shareholders at a fixed price (usually higher than market value) within a certain period of time. Tender offers are usually precursors to corporate takeover moves. The Williams Act of 1968 was passed by Congress to regulate tender offers so that shareholders can make an informed decision about whether or not to tender their shares for sale.