Tender Offer Definition & Example - InvestingAnswers
Sep 29, 2020 · A tender offer is a proposal by an investor to all current shareholders of a publicly traded corporation to tender their shares for sale at a certain… Wednesday, June 19, 2024 Our Top Picks Best Money-Making Tips
ETF Education Corner: Real World Examples of Tender Offers
Jun 1, 2021 · Under each tender offer program, if a fund's common stock trades at an average daily discount to net asset value (NAV) of greater than 10% during a 12-week measurement period, the fund will conduct a tender offer for between 5% and 20% of its outstanding common stock at a price equal to 98% of its NAV determined on the day the tender offer ...
Mini-Tender Definition & Example - InvestingAnswers
Mar 16, 2021 · In a traditional tender offer, a company offers to repurchase shares of stock from its investors at a certain price per share. In a mini-tender , or mini-tender offer, a third-party investor offers to buy up to 5% of a given company from the company's existing shareholders.
Godfather Offer Definition & Example - InvestingAnswers
Oct 1, 2019 · Company ABC is trading at $10; Company XYZ makes a tender offer of $15 per share -- a 50% premium. The board is not crazy about selling to Company XYZ, but because the return to the shareholders is so high, it can't really refuse the offer without incurring the wrath (and lawsuits) of the shareholders for failure to act in their best interests.
Best-Price Rule Definition & Example - InvestingAnswers
Sep 29, 2020 · To accomplish this, Company XYZ makes a tender offer to the common shareholders of Company 123. Under the best-price rule, XYZ Company must make the tender offer available to all of Company 123's common shareholders (rather than just the largest shareholders or shareholders who happen to be employees, for example).
Hostile Takeover Bid Definition & Example - InvestingAnswers
Oct 1, 2019 · In a hostile takeover bid situation, the target company's board of directors rejects the offer, but the bidder continues to pursue the acquisition. A hostile bidder often makes its bid via a tender offer , which means that the bidder goes right to the shareholders (rather than to the board) and proposes to purchase the target company's stock at ...
Hedged Tender Definition & Example - InvestingAnswers
Sep 29, 2020 · A tender offer is a proposition from one investor or company to purchase a number of shares of another company's stock at a higher-than-market price. A hedged tender strategy allows investors to submit some of their shares for tender while shorting the remaining shares in the event that the company fails to complete the tender offer (which ...
Any-and-All Bid Definition & Example - InvestingAnswers
Oct 1, 2019 · Any-and-all bids are different from two-tier bids, whereby Company XYZ would offer to pay more for the shares that would give it controlling interest in Company ABC. Why Does an Any-and-All Bid Matter? Any-and-all bids are common on takeover attempts, but there is an interesting relationship the shareholders and the buyer have with each other.
Saturday Night Special Definition & Example - InvestingAnswers
Oct 1, 2019 · If Company XYZ makes the tender offer available only to a few of the shareholders, it would be offering a Saturday night special. However, the Best-Price Rule, which refers to Securities and Exchange Commission Rule 14d-10, requires an entity making a tender offer for a certain class of shares to make the same offer to all the shareholders in ...
Dutch Auction Definition & Example - InvestingAnswers
Sep 29, 2020 · A Dutch auction is a method for pricing shares (often in an initial public offering) whereby the price of the shares offered is lowered until there are…