Series 79: Tender Offers By The Issuer

Taken from our Series 79 Top-off Online Guide

Tender Offers by the Issuer

For a variety of potential reasons, a publicly held company may embark on a program to repurchase some of its outstanding shares. Management may believe—or at least wish to signal to the market that it believes—that the company’s shares are undervalued. Management may have determined that snapping up shares at a bargain price represents a better use of the company’s cash than putting it into other

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