Tender Offer
From Open Risk Manual
Definition
Tender Offer. Offer made to shareholders, normally by a third party, requesting them to sell (tender) their shares for a specified price usually at a premium over prevailing market prices. Generally, the objective of a tender is to take control of the target company.
The announcer is not the issuer of the shares. The party to which the offer is made need not be the holder. Assumption: someone else trying to take over ythe company.
Disclaimer
This entry annotates a FIBO Ontology Class. FIBO is a trademark and the FIBO Ontology is copyright of the EDM Council, released under the MIT Open Source License. There is no guarantee that the content of this page will remain aligned with, or correctly interprets, the concepts covered by the FIBO ontology.
Facts about "Tender Offer"
| IsDefinedBy URI of an entity that is defined via an imported vocabulary. | https://spec.edmcouncil.org/fibo/ontology/CAE/CorporateEvents/CorporateActionsEvents/index-en.html + |
