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tender offer
noun
: a public offer to buy not less than a specified number of shares of a stock at a fixed price from stockholders usually in an attempt to gain control of the issuing company
Examples of tender offer in a Sentence
Recent Examples on the Web
The pay-TV group, which may pursue a secondary listing in Johannesburg pending its MultiChoice tender offer, would remain a French tax resident.
—Naman Ramachandran, Variety, 22 July 2024
In 2015, Angelo and Yorkville Advisors were fined $135,000 by the Italian financial regulator the Commissione Nazionale per le Società e la Borsa for failing to make a public tender offer to buy the shares of certain shareholders involved in a deal.
—Bypaolo Confino, Fortune, 18 Sep. 2024
Elon Musk’s SpaceX, which reportedly valued itself at more than $200 billion in a recent employee tender offer, has enabled investor shares through secondary transactions.
—Hayden Field,mackenzie Sigalos, CNBC, 6 Sep. 2024
Canal+ has also made a tender offer to buy the African service MultiChoice Groups.
—Elsa Keslassy, Variety, 25 July 2024
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Word History
First Known Use
1967, in the meaning defined above
Dictionary Entries Near tender offer
Cite this Entry
“Tender offer.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/tender%20offer. Accessed 22 Nov. 2024.
Legal Definition
tender offer
noun
: a public offer to purchase a specified number or range of shares from shareholders usually at a premium and in an attempt to gain control of the issuing company
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