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Fixed-price tender offer

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Fixed-price tender offer
A one-time offer by an acquirer company to purchase a stated number of shares of a target company at a stated fixed price, usually at a premium over the current market price.


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To overcome these difficulties, we examine repurchases using the Dutch auction (DA) and fixed-price tender offer (FPTO) formats.
Nasdaq: BLKB), the leading provider of software and related services designed specifically for nonprofit organizations, announced today that its Board of Directors has authorized a self tender offer to purchase up to 2,620,690 common shares, or approximately 6% of its outstanding common shares as of May 31, 2005, through a fixed-price tender offer at a price of $14.
In this case, however, they might be more likely to use an open market repurchase than a fixed-price tender offer.
 
 
 
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