tender offer

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tender offer

n.
An offer to purchase shares of a company's stock at a price above the current market price in an attempt to take control of the company by accumulating sufficient shares.
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.tender offer - an offer to buy shares in a corporation (usually above the market price) for cash or securities or both
takeover bid - an offer to buy shares in order to take over the company
offering, offer - something offered (as a proposal or bid); "noteworthy new offerings for investors included several index funds"
References in periodicals archive ?
CHICAGO -- Equity Office Properties Trust (NYSE:EOP) announced today that its subsidiary, EOP Operating Limited Partnership, has extended its cash tender offers and related consent solicitations in respect of an aggregate of approximately $8.
CHICAGO -- Equity Office Properties Trust (NYSE:EOP) announced today that its subsidiary, EOP Operating Limited Partnership, has now received the requisite consents to adopt all of the proposed amendments that have been the subject of its consent solicitations and related cash tender offers in respect of its outstanding unsecured debt securities issued under its 1997 Indenture and its 2000 Indenture.
CHICAGO -- Equity Office Properties Trust (NYSE: EOP) announced today that its subsidiary, EOP Operating Limited Partnership, has further amended its previously announced cash tender offers in respect of an aggregate of approximately $8.
CHICAGO -- Equity Office Properties Trust (NYSE: EOP) announced today that its subsidiary, EOP Operating Limited Partnership, has amended its previously announced cash tender offers in respect of an aggregate of approximately $8.
CHICAGO -- Equity Office Properties Trust (NYSE:EOP) confirmed that the tender offers and related consent solicitations commenced by its subsidiary, EOP Operating Limited Partnership, as previously amended, remain open.
Mini-tender offers, including this one, avoid many of the investor protections afforded to larger tender offers, including the filing of disclosure and other tender offer documents with the SEC and other procedures mandated by U.
B), announced today that it is commencing tender offers for its $350 million aggregate outstanding principal amount of 6.
Hexion intends to use $500 million of the additional cash available under its new credit facilities and from the Secured Debt Financing to pay a common stock dividend to its shareholders and the balance of the proceeds to pay for the Notes repurchased in the Tender Offers.
Mini-tender offers, such as this one by TRC Capital, are tender offers for less than 5 percent of a company's stock and typically do not provide the same investor protections required of larger tender offers, including the filing of disclosure and other tender offer documents with the Securities and Exchange Commission and other procedures mandated by U.
The tender offers and consent solicitations are being made on the terms and subject to the conditions set forth in the Offer to Purchase and Consent Solicitation Statement dated September 15, 2006 and the related Consent and Letter of Transmittal (the "Offer Documents").
intends to commence cash tender offers and consent solicitations today with respect to its outstanding $225 million aggregate principal amount of 7% Senior Subordinated Notes due 2014 (the "7% Notes"), $125 million aggregate principal amount of 3 3/8% Senior Exchangeable Notes due 2025 (the "3 3/8% Notes"), and $100 million aggregate principal amount of 4 5/8% Senior Exchangeable Notes due 2025 (the "4 5/8% Notes," and together with the 3 3/8% Notes, the "Exchangeable Notes").
Hexion" or the "Company") announced today that it has commenced cash tender offers and consent solicitations for any and all of the outstanding (i) $328,000,000 principal amount at maturity of 13 1/2% Senior Subordinated Notes due 2010 (the "13 1/2% Notes"), (ii) $200,000,000 principal amount at maturity of 9 1/2% Senior Second Secured Notes due 2010 (the "9 1/2% Notes") and (iii) $140,000,000 principal amount at maturity of 8% Senior Secured Notes due 2009 (the "8% Notes" and, collectively with the 13 1/2% Notes and the 9 1/2% Notes, the "Notes") issued by Hexion and HSC Capital Corporation.