self-tender

noun

1. an offer by a company to buy back some or all of its shares from its shareholders, esp as a protection against an unwelcome takeover bid

Example Sentences

The billionaire investor suggested the company use a self-tender offer to buy back the stock, and said that he himself wouldn't sell his shares and take a profit.

Read more on The Wall Street Journal

OR Do stockholders want to elect our director nominees who, if elected, will promptly move forward, subject to their fiduciary duties, with a Dell self-tender offer at $14 per share plus warrants and allow stockholders to remain in the company to enjoy the benefits of what we believe will be a resurgent Dell under new management?

Read more on Forbes

Midwest chain that operates more than 1,500 stores, said it expected to buy about 13.2 million shares from its own shareholders at $38 a share as a result of its modified Dutch auction self-tender offer, which expired on Wednesday.

Read more on Reuters

Another defense is the self-tender.

Read more on Time Magazine Archive