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 ?
Mini-tender offers, such as this one by TRC Capital, seeking to acquire less than 5% of a company's outstanding shares, avoid many disclosure and procedural requirements of the Securities and Exchange Commission that apply to larger tender offers.
As a result, mini-tender offers do not provide investors with the same level of protections as provided by larger tender offers under United States securities laws.
BANKING AND CREDIT NEWS-February 5, 2019-IMH Financial reports final results of tender offers
Global Banking News-February 5, 2019-IMH Financial reports final results of tender offers
commenced two cash tender offers to purchase four series of notes and debentures of Voya and Voya Holdings Inc., a Connecticut corporation and wholly-owned subsidiary of Voya.
Frontier Communications Corporation (NASDAQ:FTR) has commenced tender offers to purchase for cash certain series of its senior notes up to an amount such that the maximum aggregate consideration paid by the company in the Tender Offers does not exceed USD 800,000,000, the company said.
Aircraft leasing company International Lease Finance Corporation (ILFC), a subsidiary of insurance group American International Group Inc (AIG) (NYSE:AIG), said on Wednesday that due to the success of its tender offers for certain notes the company is releasing the notes in the lowest three acceptance priority levels.
The Securities Exchange Act has stricter rules regarding tender offers. Once someone takes a "substantial step" to begin a tender offer for shares of a public company, the rules apply to two groups.
Opponents of the rights plan charged that poison pills prevented shareholders from receiving and accepting tender offers. The poison pill rights in Moran in fact did provide shareholders with significant rights in the event of a tender offer.
As a result, mini-tender offers do not provide investors with the same level of protection as provided by larger tender offers under United States securities laws.
Mini-tender offers, such as TRC's offer, seek to acquire less than 5% of a company's shares outstanding, thereby avoiding many disclosure and procedural requirements afforded to larger tender offers under the rules of the SEC.