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tender offer
noun
: a public offer to buy not less than a specified number of shares of a stock at a fixed price from stockholders usually in an attempt to gain control of the issuing company
Examples of tender offer in a Sentence
Recent Examples on the Web
The buyout firm last September teamed up with Korea Zinc’s top shareholder Young Poong to launch a 2 trillion won ($1.5 billion) tender offer for a bigger ownership stake in the metals giant, hoping to oust its chairman Yun B. Choi from running the company.
—
Zinnia Lee, Forbes, 7 Feb. 2025
In November, OpenAI allowed employees to sell about $1.5 billion worth of shares in a tender offer to SoftBank, people familiar with the matter told CNBC at the time.
—
Hayden Field, CNBC, 30 Jan. 2025
In September, Young Poong and MBK announced a tender offer for Korea Zinc shares, sweetening its bid twice in the process.
—
Daisuke Wakabayashi, New York Times, 22 Jan. 2025
The funds are expected to be used to buy shares from shareholders through a future tender offer.
—
Ryan Lawler, Axios, 8 Jan. 2025
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Word History
First Known Use
1967, in the meaning defined above
Dictionary Entries Near tender offer
Cite this Entry
“Tender offer.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/tender%20offer. Accessed 16 Feb. 2025.
Legal Definition
tender offer
noun
: a public offer to purchase a specified number or range of shares from shareholders usually at a premium and in an attempt to gain control of the issuing company
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