tender offer

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.

Word History and Origins

Origin of tender offer¹

First recorded in 1960–65

Example Sentences

The much larger Scale AI is seeking a valuation as high as $25 billion in a potential tender offer, Reuters reported.

From Los Angeles Times

The company would sell existing shares in a so-called tender offer led by the venture firm Thrive Capital, the people said.

From New York Times

The most valuable U.S. startup is discussing a tender offer that could range from $500 million to $750 million, said some of the people, who asked not to be identified because the information is confidential.

From Los Angeles Times

It is also preparing to launch a tender offer for Wyndham's shares that would show Wyndham's investors that there is a firm offer on the table, according to the sources.

From Reuters

It had last week decided to make a new tender offer to allow them to sell shares, two days after cancelling an earlier offer.

From Reuters