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

Warner’s board advised shareholders last week to vote against Paramount’s tender offer because billionaire Larry Ellison, who would fund the deal, hadn’t personally guaranteed his $40 billion in financing.

From The Wall Street Journal

In line with the amended offer, Paramount extended the expiration date of the tender offer to Jan. 21.

From Barron's

Instead, it is engaging with shareholders and, with the help of its proxy advisers, gathering feedback to its tender offer about what it needs to do.

From The Wall Street Journal

What’s Next: Paramount’s tender offer is set to expire on Jan. 8, so it will have until then to make a decision on whether to improve its bid.

From Barron's

Paramount’s tender offer is set to expire on Jan. 8, so it will have until then to make a decision on whether to improve its bid.

From Barron's