Series 14: 6.3. Tender Offers

Taken from our Series 14 Online Guide

6.3. Tender Offers

A tender offer is an open solicitation to purchase a significant percentage of a company’s outstanding shares from existing shareholders. The party conducting the tender offer is referred to as the offeror and the issuer of the shares is often called the target company. During a tender offer, a shareholder may tender its shares, which means agreeing to sell a certain number of shares to the offeror on the t

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