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English definition of “self-tender”

self-tender

noun [U]     FINANCE
a situation in which a company buys back some of its own shares from shareholders at a price higher than market value in order to avoid someone else buying the company : Under terms of the self-tender offer , investors can specify where in the price range they're willing to sell .
(Definition of self-tender noun from the Cambridge Business English Dictionary © Cambridge University Press)
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