tender offer(redirected from Tender Sale)
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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.
American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
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|Noun||1.||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
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