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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
Musk’s company is also reportedly seeking a tender offer that would value it at $350 billion, up from $210 billion earlier this year.
—Rocio Fabbro, Quartz, 5 Dec. 2024
As of last week, OpenAI is allowing employees to sell about $1.5 billion worth of shares in a new tender offer to SoftBank.
—Hayden Field, CNBC, 4 Dec. 2024
Bloomberg reported that Musk’s SpaceX is talking about pursuing a tender offer that would value the company at $350 billion.
—Allie Garfinkle, Fortune, 4 Dec. 2024
In a tender offer expected to occur later this month, insiders are looking to receive a dramatically higher valuation than the $210 billion figure reported earlier this year.
—Garth Friesen, Forbes, 3 Dec. 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 23 Dec. 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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