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Tender offer
Meaning
Noun
●
In Finance:
A type of public
takeover bid
in which a
prospective
acquirer
invites
all
stockholders
of a
publicly
traded
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.
Sourced from
Wiktionary
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