Tender offer
Usually means that one firm or person is making an offer directly to the shareholders in another firm to sell (tender) their shares at specified prices. Less otherwise stated in a company’s memorandum, obtaining 50% or more of the shares of the target firms is equivalent to having received shareholder approval. tender offers can be friendly or hostile. |
Similar financial terms
Tender offer premiumThe premium offered above the current market price in a tender offer.
Tender
To offer for delivery against futures.
Blitzkrieg tender offer
In the context of a takeover, refers to a tender offer that is priced so attractively that the tender is completed quickly.
Competitive offer
Method of selecting an investment banker for a new issue by offering the securities to the underwriter bidding highest
Offer price
The price at which a market maker is prepared to sell a security. Also known as ask price.
Initial public offering (IPO)
IPO: Initial Public Offering (IPO) is a company's offering of newly issued shares from treasury to the general public. It is generally the first time that a company does so - making the transition from being a closed-door privately operated company to being a publicly traded, highly visible, entity. When doing an IPO, an underwriter, i.e. a stockbroker firm, handles the distribution of shares to the public. Effectively, the brokerage firm subscribes (underwrites) for the shares and then sells th ...
Reoffering yield
In a purchase and sale, the yield to maturity at which the underwriter offers to sell the bonds to investors.
Public offering
The sale of registered securities by the issuer (or the underwriters acting in the interests of the issuer) in the public market. Also called public issue.
Primary offering
A firm selling some of its own newly issued shares to investors.
PIBOR (Paris Interbank Offer Rate)
The deposit rate on interbank transactions in the Eurocurrency market quoted in Paris.
Offering memorandum
A document that outlines the terms of securities to be offered in a private placement.
Offer
Indicates a willingness to sell at a given price.
Negotiated offering
An offering of securities for which the terms, including underwriters' compensation, have been negotiated between the issuer and the underwriters.
Cash offer
A public equity issue that is sold to all interested investors.
Competitive offering
An offering of securities through competitive bidding.
