Tender offer
Definition
A public offer to buy shares of a corporation, usually at above market price and with the intention of gaining controlling interest in the target corporation. An acquirer making a tender offer for more than 5% of a corporation's shares is required to file certain disclosures with the Securities and Exchange Commission.
See also
Definition from Nolo’s Plain-English Law Dictionary
A public offer to purchase stock at a specified price per share, usually done to gain a controlling interest in a corporation.
Definition provided by Nolo’s Plain-English Law Dictionary.
August 19, 2010, 5:25 pm
