tender offer

English

Noun

tender offer (plural tender offers)

1. (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^[1], →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.