Meaning of “tender offer” in the English Dictionary

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"tender offer" in Business English

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tender offernoun [ C ]

uk us FINANCE, STOCK MARKET

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.

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” from the Cambridge Business English Dictionary © Cambridge University Press)