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self-tender

   Also found in: Financial 0.01 sec.
self-tender
n
(Economics, Accounting & Finance / Stock Exchange) an offer by a company to buy back some or all of its shares from its shareholders, esp as a protection against an unwelcome takeover bid


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last week announced preliminary results of its modified "Dutch auction" self-tender offer, which expired Sept.
Stockholders voted "Against" two proposals submitted by fellow stockholders regarding open-ending or liquidating the Fund (Proposal 2) and conducting a self-tender offer (Proposal 3); Management had recommended voting "Against" these proposals, a position which was supported by RiskMetrics Group ISS ("ISS") and Glass, Lewis & Co.
IKON Office Solutions (NYSE:IKN), the world's largest independent channel for document management systems and services, today announced the final results of its modified "Dutch Auction" self-tender offer, which expired at 12:00 midnight, New York City time, on December 19, 2007.
 
 
 
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