self-tender

British

noun

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

"Collins English Dictionary — Complete & Unabridged" 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

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.

From 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?

From 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.

From Reuters

Another defense is the self-tender.

From Time Magazine Archive

Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023