tender offer
noun1
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.
Corporate finance
- 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.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: