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Meaning of “tender offer” in the English Dictionary

"tender offer" in Business English

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tender offernoun [C]

an occasion when a ​companyoffers to ​buy its own or another company's ​shares from existing ​shareholders at a particular ​price: The company's ​tenderoffer to ​purchase all ​outstandingshares of ​stockexpires Monday.make a tender offer They made a ​tenderoffer to ​shareholders yesterday for 4.78m ​shares at 165p. The ​companylaunched a ​hostile 500p a ​sharetenderoffer.
an occasion when a ​companysells new ​shares to those who make ​offers for them above a particular ​lowestprice. The ​companycalculates the strikeprice (= ​finalprice to be ​paid) in relation to the ​totaldemand and the ​pricesoffered.
(Definition of tender offer from the Cambridge Business English Dictionary © Cambridge University Press)
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“tender offer” in Business English

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