tender offer
noun [C] FINANCE, STOCK MARKETDefinition
› an occasion when a company offers to buy its own or another company's shares from existing shareholders at a particular price: The company's tender offer to purchase all outstanding shares of stock expires Monday.make a tender offer They made a tender offer to shareholders yesterday for 4.78m shares at 165p. The company launched a hostile 500p a share tender offer.
› an occasion when a company sells new shares to those who make offers for them above a particular lowest price. The company calculates the strike price (= final price to be paid) in relation to the total demand and the prices offered.
(Definition of tender offer noun from the Cambridge Business English Dictionary
© Cambridge University Press)
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