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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. TenderTenderTo offer a product for sale at a specified price, usually in response to a specific request from a potential purchaser. Government procurement, for example, that is not open to international tendering is a form of nontariff barrier. Creeping tender offerCreeping tender offerThe process by which a group attempting to circumvent certain provisions of the Williams Act gradually acquires shares of a target company in the open market. Tender offer premiumTender offer premiumThe premium offered above the current market price in a tender offer. Further SuggestionsNoncompetitive tenderTender Self Tender Blitzkrieg tender offer Self tender offer tender offer |
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