Meaning of “self-tender” in the English Dictionary

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"self-tender" in Business English

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self-tendernoun [ U ]

uk us 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)