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Self tender offer |
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Self tender offerA company that tenders for its own shares.Self tender offer Similar MatchesCreeping 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. 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. 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. Fixed price tender offerFixed 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. TenderTenderTo offer for delivery against futures. Further Suggestionstender offerTender Tender offer premium Self Tender Blitzkrieg tender offer Short tender |
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