Public invitation of stockholders by potential acquirers of a public corporation
In corporate finance, a tender offer is a type of public takeover bid. The tender offer is a public, open offer or invitation (usually announced in a newspaper advertisement) by a prospective acquirer to all stockholders of a publicly traded corporation (the target corporation) to tender their stock for sale at a specified price during a specified time, subject to the tendering of a minimum and maximum number of shares. In a tender offer, the bidder contacts shareholders directly; the directors of the company may or may not have endorsed the tender offer proposal.
To induce the shareholders of the target company to sell, the acquirer's offer price is usually at a premium over the current market price of the target company's shares. For example, if a target corporation's stock were trading at $10 per share, an acquirer might offer $11.50 per share to shareholders on the condition that 51% of shareholders agree. Cash or securities may be offered to the target company's shareholders, although a tender offer in which securities are offered as consideration is generally referred to as an "exchange offer".
seller to a prospective buyer Offer price, the price a seller is willing to accept for a particular good Tenderoffer, an offer to buy company stock from...
A Bond TenderOffer (BTO), also called a Debt TenderOffer (DTO), is a corporate finance term denoting the process of a firm retiring its debt by making...
invitation to tender (ITT, otherwise known as a call for bids or a request for tenders) is a formal, structured procedure for generating competing offers from...
takeover can be conducted in several ways. A tenderoffer can be made where the acquiring company makes a public offer at a fixed price above the current market...
tendering or competitive bidding process Submarine tender, a naval support vessel Tenderoffer, used to propose a buyout of a public company Tender (charity)...
IPIC Group Ltd. made a tenderoffer to buy as many as 500 million Bank of America shares at $6 per share. If consummated, the offer would have been worth...
An exchange offer in finance, corporate law and securities law, is a form of tenderoffer in which securities are offered as consideration instead of...
negotiations, repurchase "put" rights, two variants of self-tender repurchase (a fixed price tenderoffer and a Dutch auction), and accelerate repurchases. More...
shares in Banco Banespa to Banco Santander, in which Banco Santander's tenderoffer covered only the government's state and excluded the minority shareholders...
public sale offer which led to obtain 8.75 billion lire, for a total sum for IRI of 13,800 billion lire. In January 2003 Newco28 made a tenderoffer, through...
tenderoffers. When an individual, group, or corporation seeks to acquire control of another corporation, it may make a tenderoffer. A tenderoffer is...
Each jurisdiction determines what is legal tender, but essentially it is anything which when offered ("tendered") in payment of a debt extinguishes the debt...
$21 per share offer was undervaluing the company. On April 6, 57% of $HMHC shares were put up for tender, leading to the tenderoffer going through and...
"qualifying" offer (a salary level predetermined by the NFL Collective Bargaining Agreement between the league and its players, known as a "tender") from his...
the offer. WeWork then sued SoftBank. On May 4, 2020, former CEO Adam Neumann separately sued SoftBank for withdrawing the $3 billion tenderoffer. The...
sandboxing technology. Stonesoft On July 8, 2013 McAfee completed the tenderoffer for Finnish network firewall design company Stonesoft Oyj worth $389...
received the tenderoffer in writing, but the tenderoffer was for only $11.375. Buffett later admitted that this lower, undercutting offer made him angry...
Trade: the buying and selling of financial instruments. Two-tier tenderoffer: an offer to purchase a sufficient number of stockholders' shares so as to...
contracts to other carmakers in France and abroad. In 1995, it made a tenderoffer for its most important rival in the French industry, Reydel, and then...
Colfax acquired approximately 93% of IMO's common stock through a public tenderoffer. At the time of the acquisition, IMO was a diversified industrial manufacturer...
9% of Euro Disney S.C.A., buying 9% from Kingdom Holding and issued a tenderoffer of €2 per share for the remaining stock. This brought The Walt Disney...
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