tender offer

American  

noun

1. a public offer to purchase stock of a corporation from its shareholders at a certain price within a stated time limit, often in an effort to win control of the company.

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Etymology

Origin of tender offer

First recorded in 1960–65

Example Sentences

They argued that the government had not made a tender offer, as mandated by Argentine law, to these two companies, which were YPF's second- and third-largest investors.

From Barron's

Three are nontraded, meaning their shareholders rely on public tender offers for liquidity.

From The Wall Street Journal

The U.K. engineering company on Friday said it would return some of the cash from the disposal via a tender offer or special dividend.

From The Wall Street Journal

Scholastic will repurchase up to $200 million of its stock through a tender offer, funded by the sale of its real-estate assets.

From The Wall Street Journal

Paramount, which had initially bid $108 billion for the entire company, continued to circle, launching a hostile tender offer aimed directly at shareholders and continually sweetening the terms of its bid.

From MarketWatch