tender offer
noun[C]
FINANCE,STOCK MARKETukusanoccasionwhen acompanyofferstobuyitsown or another company'ssharesfromexistingshareholdersat aparticularprice:
The company'stenderoffertopurchasealloutstandingsharesofstockexpiresMonday.
make a tender offerThey made atenderoffertoshareholdersyesterdayfor 4.78msharesat 165p.
Thecompanylaunchedahostile500p asharetenderoffer.
anoccasionwhen acompanysellsnewsharesto those who makeoffersfor them above aparticularlowestprice. Thecompanycalculatesthestrikeprice(=finalpriceto bepaid)inrelationto thetotaldemandand thepricesoffered.