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Self Tender

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Self Tender
A company buys back a certain percentage of its own shares through a tender offer.

Self-Tender Offer
A firm's offer to buy back its own stock for a price well above fair market value. A self-tender offer usually excludes a targeted number of shareholders; it is not intended to stop trade on its stock. Rather it is an attempt to prevent a real or suspected hostile takeover. If a firm becomes its own majority or plurality shareholder, it either makes a hostile takeover impossible or much more expensive for the company attempting to buy it out. See also: Antitakeover measure.


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Certain Information Regarding the Tender Offer The information in this press release describing Activision Blizzard's self tender offer is for informational purposes only and does not constitute an offer to buy or the solicitation of an offer to sell shares of Activision Blizzard's common stock in the self tender offer.
Each of the self tender offers is expected to commence on or about August 10, 2007 and will remain open for a minimum of 20 business days.
com (under Investor Relations/News) the Board report to the extraordinary shareholders' meeting convened on 21 June, 2006 to approve the self tender offer.
 
 
 
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