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Tender offer |
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Tender offerWhen a company decides to list its shares on the Stock Exchange, it can either offer its shares to the public at a price which it stipulates, or it can make an 'offer by tender'.Put simply, it invites the public to bid for the shares, and when all the tenders are in, it sells them to the highest bidders, thus raising the maximum amount of capital. Sometimes, the issue of shares will be subject to a reserve price.Offers by tender are less common than offers for sale.Similar MatchesShort tenderShort tenderPractice prohibited by SEC that involves the use of SEC SEC to respond to a SEC offer. 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. 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. Self TenderSelf TenderA company buys back a certain percentage of its own shares through a tender offer. 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. Further SuggestionsBlitzkrieg tender offerFixed price tender offer Tender Self tender offer Tender offer premium Hedged tender |
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