SEC and Regulatory Filings
Tender Offer
A public offer to buy shares directly from shareholders, often at a stated price.
Also called: share tender
What it means
A tender offer is an offer made to shareholders to purchase some or all of their shares, usually at a specific price and for a limited time. Tender offers often happen in takeovers, strategic deals, or issuer buybacks.
Why it matters
It helps users understand why a company or outside buyer may approach shareholders directly instead of only buying shares in the market.