tender offer
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English
Noun
tender offer (plural tender offers)
- (corporate finance) A type of public takeover bid in which a prospective acquirer invites all stockholders of a publicly traded corporation to tender their stock for sale at a specified price during a specified time, subject to the tendering of a minimum and maximum number of shares.
- 2023 January 7, Erin Griffith, Cade Metz, “A New Area of A.I. Booms, Even Amid the Tech Gloom”, in The New York Times, →ISSN:
- The potential deal — where OpenAI would sell existing company shares in a so-called tender offer — could total $300 million, depending on how many employees agree to sell their stock, they said.