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Self Tender |
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Self TenderA company buys back a certain percentage of its own shares through a tender offer.Self Tender Similar MatchesHedged 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. 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. Self tender offerSelf tender offerA company that tenders for its own shares. 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 SuggestionsTenderShort tender tender offer Blitzkrieg tender offer Tender Noncompetitive tender |
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