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

Santander last month valued its Mexican business at around 8.1 billion euros with the launch of a voluntary tender offer to acquire shares it does not own, a step towards its de-listing.

From Reuters

The rest will be used for a tender offer for employees’ shares.

From New York Times

Another is a tender offer, in which the company would sell employee shares to other investors while staying private.

From New York Times

Venture capital firms Thrive Capital and Founders Fund may buy shares in the tender offer, two people said.

From Seattle Times

The potential deal — where OpenAI would sell existing company shares in a so-called tender offer — could total $300 million, depending on how many employees agree to sell their stock, they said.

From New York Times