Tender offer is a corporate finance term denoting a type of takeover bid

Tender offer is a corporate finance term denoting a type of takeover bid

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A tender offer is a takeover bid in the form of a public invitation to shareholders to sell their stock, generally at a price above the market price Tender offer is a corporate finance term denoting a type of takeover bid. The tender offer is a public, open offer or invitation (usually announced in a newspaper advertisement) by a prospective acquirer to all stockholders
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Unformatted text preview: of a publicly traded corporation (the target corporation) to tender their stock for sale at a specified price during a specified time, subject to the tendering of a minimum and maximum number of shares. In a tender offer, the bidder contacts shareholders directly; the directors of the company may or may not have endorsed the tender offer proposal....
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This note was uploaded on 04/13/2010 for the course FI D03248467 taught by Professor Dane during the Spring '10 term at DeVry Columbus North.

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