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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 from the Cambridge Business English Dictionary © Cambridge University Press)
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