cash tender offer
A procedure used in the US and other jurisdictions to implement a cash offer for the shares of a public company as an alternative to an offer at a fixed price. Shareholders are invited to state a price for which they would be prepared to sell their shares to the bidding company. If a sufficient number of shareholders offer their shares at a price which is acceptable to the bidder and would give him control of the target, the bidder will pay a price (the strike price) which is sufficient for the bidder to ensure control, the same price being paid to all shareholders who have offered their shares at or below the strike price.

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

Look at other dictionaries:

  • tender offer — n: a public offer to purchase a specified number or range of shares from shareholders usu. at a premium and in an attempt to gain control of the issuing company Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. tender offer …   Law dictionary

  • Tender offer — is a corporate finance term denoting a type of takeover bid. The tender offer is a public, open offer (usually announced in a newspaper advertisement) by an acquirer to all stockholders of a publicly traded corporation to tender their stock for… …   Wikipedia

  • tender offer — noun an offer to buy shares in a corporation (usually above the market price) for cash or securities or both • Hypernyms: ↑offer, ↑offering • Hyponyms: ↑takeover bid * * * a public offer to purchase stock of a corporation from its shareholders at …   Useful english dictionary

  • two-tier tender offer — In a takeover bid, a tender offer to purchase in which shareholders are offered a high initial offer for sufficient shares to give the bidder a controlling interest in the company, followed by an offer to acquire the remaining shares at a lower… …   Big dictionary of business and management

  • offer — of·fer / ȯ fər/ n 1: a proposal, promise, or other manifestation of willingness to make and fulfill a contract or to bargain under proposed terms with another party that has the power to accept it upon receiving it denied accepting the offer see …   Law dictionary

  • tender — an offer in writing to carry out work, which has been specified by another person. The offer quotes a fixed price, which will be charged for doing the work. Glossary of Business Terms To offer for delivery against futures. Bloomberg Financial… …   Financial and business terms

  • Tender — To offer for delivery against futures. The New York Times Financial Glossary * * * ▪ I. tender tender 2 verb 1. [intransitive] COMMERCE to make a formal offer to do a job or provide goods or services at a particular price: tender for • The… …   Financial and business terms

  • Offer — Indicates a willingness to sell at a given price. Related: bid * * * ▪ I. offer of‧fer 1 [ˈɒfə ǁ ˈɒːfər, ˈɑː ] verb [transitive] 1. to say that you are willing to give someone something, or to give them it: offer somebody something • The …   Financial and business terms

  • offer — An expression indicating one s desire to sell a commodity at a given price; opposite of bid. Chicago Board of Trade glossary To show the desire to sell a futures contract at an established price. The CENTER ONLINE Futures Glossary Indicates a… …   Financial and business terms

  • tender — An offer of money. The act by which one produces and offers to a person holding a claim or demand against him the amount of money which he considers and admits to be due, in satisfaction of such claim or demand, without any stipulation or… …   Black's law dictionary

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