Tender offer is a term typically used in corporate finance to mean a public, open offer by an entity to buy stock from the existing stockholders of a publicly tradedcorporation under specific terms in effect for a specific period. In the United States, tender offers are regulated by the Williams Act. Corporate Finance is a specific area of finance dealing with the financial decisions corporations make and the tools as well as analyses used to make these decisions. ... See stock (disambiguation) for other meanings of the term stock A stock, also referred to as a share, is commonly a share of ownership in a corporation. ... A shareholder or stockholder is an individual or company (including a corporation), that legally owns one or more shares of stock in a joint stock company. ... A public company is a company owned by the public. ... A corporation is a legal entity (distinct from a natural person) that often has similar rights in law to those of a Civil law systems may refer to corporations as moral persons; they may also go by the name AS (anonymous society) or something similar, depending on language (see below). ...
In a tender offer, the stockholders of the targeted company are asked to tender or surrender their stock holdings for a stated value (usually higher than the current market price or at premium) subject to the tendering of a minimum and maximum number of shares. For instance, if a corporation's stock were trading at a value of $1/share, an acquirer might offer $1.15/share to its shareholders on the condition that 51% of shareholders agree.
See Also: Mini-tender offer A Mini-tender offer is an offer to a companies shares directly from current investors in an amount thats less then the minimum amount where one must register a tender offer with the SEC. The practice is most associated with a company called TRC Capital, who in early 21st century...
The Board believes that a tenderoffer is an appropriate means of returning funds to Shareholders as (subject to the provisions relating to certain Overseas Shareholders set out in Part III of this document) it gives all Shareholders the choice of whether or not to participate in the return of capital.
TenderOffer The TenderOffer is conditional on the passing of the Resolution and, in view of the Capital Reduction, Court confirmation as well.
The TenderOffer is conditional on the matters set out in paragraph 2 of Part II of this document and the TenderOffer may be terminated on or before the Closing Date in the circumstances set out in paragraph 4 of Part II of this document.
In the United States, tenderoffers are regulated by the Williams Act.
In a tenderoffer, the stockholders of the targeted company are asked to tender or surrender their stock holdings for a stated value (usually higher than the current market price or at premium) subject to the tendering of a minimum and maximum number of shares.
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