tender offer

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Tender Offer

A proposal to buy shares of stock from the stockholders of a corporation, made by a group or company that desires to obtain control of the corporation.

A tender offer to purchase may be for cash or some type of corporate security of the acquiring company—for example, stock, warrants, or debentures. Such an offer is sometimes subject to either a minimum or maximum that the offeror will accept and is communicated to the stockholders through newspaper advertisements or a general mailing to the complete list of stockholders. Tender offers are subject to regulations by state and federal Securities laws, such as the Williams Act (15 U.S.C.A. § 78a et seq.).


Mergers and Acquisitions; Stock Warrant.

tender offer

noun broad offer, broad request to purchase, broad solicitation, collective offer, offer to purrhase a large number of shares, offer to purchase a large number of stock shares, offer to purchase a significant nummer of securities in a corporation, public offer, public offer to buy stock, takeover bid
References in periodicals archive ?
Following the completion of the tender offer, subject to customary conditions, BZ Acquisition will merge with and into Bairnco, pursuant to which each share not tendered into the tender offer will be converted automatically into the right to receive $13.
CHICAGO -- Equity Office Properties Trust (NYSE:EOP) announced today that its subsidiary, EOP Operating Limited Partnership, has extended its cash tender offers and related consent solicitations in respect of an aggregate of approximately $8.
Completion of the Tender Offer is subject to the satisfaction of certain conditions, including the Company having (i) received the Consents of a majority in aggregate principal amount of the outstanding Notes not owned by the Company and its affiliates and (ii) available funds sufficient to pay the total consideration with respect to all Notes (regardless of the amount of Notes tendered) from borrowings under a new senior credit facility to be entered into on terms and conditions acceptable to the Company in its sole discretion.
The tender offer will now expire at 11:00 am New York City time, on January 23, 2007, unless Open Solutions chooses to again extend or to terminate the tender offer as provided in the Offer to Purchase.
Accordingly, EOP Operating Limited Partnership has received all of the requisite consents sought in connection with its consent solicitations and cash tender offers in respect of an aggregate of approximately $8.
EOP Operating Limited Partnership indicated that it has extended the consent payment deadline for the tender offers and consent solicitations for the Notes issued under the 1997 Indenture and the Notes issued under the 2000 Indenture and, as a result, holders of such Notes who wish to receive the total consideration offered pursuant to the tender offers for such Notes must now validly tender and not validly withdraw their Notes on or prior to 5:00 p.
Holders who wish to receive the total consideration offered pursuant to the tender offers must validly tender (and not validly withdraw) their notes on or prior to 5:00 p.
The transaction is structured as a tender offer for all outstanding shares of System General followed by a share swap and merger.
Treasury Security due May 15, 2008 (the "Reference Treasury Security"), as calculated by Credit Suisse Securities (USA) LLC ("Credit Suisse"), acting as dealer manager, in accordance with standard market practice, based on the bid side price for the Reference Treasury Security on the price determination date, as described in the tender offer documents, plus (B) a fixed spread of 50 basis points; minus
In connection with the tender offer, the Company has agreed that it will not exercise its right under the indenture governing the Notes to redeem all or a portion of the Notes at any time prior to December 29, 2006 for a redemption price equal to 102% of the principal amount thereof.
In connection with the tender offer, Jacuzzi is soliciting the consents of the holders of the Notes to proposed amendments to the indenture governing the Notes (the "Proposed Amendments").
The proposed amendments to the indenture will become effective upon execution and delivery of a Supplemental Indenture by AGT and the Trustee, but will not become operative until the Notes are accepted for payment by AGT pursuant to the tender offer and consent solicitation.