self-tender Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “self-tender” in the English Dictionary

"self-tender" in Business English

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self-tendernoun [U]

uk   us   FINANCE
a ​situation in which a ​companybuys back some of its own ​shares from ​shareholders at a ​pricehigher than ​marketvalue in ​order to ​avoid someone else ​buying the ​company: Under ​terms of the self-tender ​offer, ​investors can ​specify where in the ​pricerange they're ​willing to ​sell.
(Definition of self-tender from the Cambridge Business English Dictionary © Cambridge University Press)
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