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Fixed price tender offer |
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Fixed price tender offerA one-time offer to purchase a stated number of shares at a stated fixed price, usually at a premium over the current market price.Fixed price tender offer Similar MatchesShort tenderShort tenderPractice prohibited by SEC that involves the use of SEC SEC to respond to a SEC offer. Hedged tenderHedged tenderAn investor sells a portion of a stock holding short a tender offer in the event all shares tendered are not accepted. For example, investor Q has 5000 shares of XYZ. An acquiring company makes a tender offer of $100 a share when the shares are currently worth $80. Investor Q short-sells 2500 shares after the announcement and the price of the stock has approached $100. Company XYZ purchases only 2500 of the original shares at $100. Investor Q has sold all shares at $100 even as the price of the stock drops on a post-news dip. Self tender offerSelf tender offerA company that tenders for its own shares. TenderTenderTo offer for delivery against futures. Noncompetitive tenderNoncompetitive tenderOffer by an investor to purchase Treasury securities at a price equivalent to the weighted average discount rate or yield of accepted competitive bids in a Treasury auction. Noncompetitive tenders are always accepted in full. Further SuggestionsCreeping tender offerTender tender offer Blitzkrieg tender offer Tender offer premium Self Tender |
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