Self Tender

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.
References in periodicals archive ?
M2 EQUITYBITES-July 26, 2012-European Equity Fund Inc and New Germany Fund Inc begins self tender offers(C)2012 M2 COMMUNICATIONS http://www.
Other items affecting earnings per share include Acxiom's expected completion of the Dutch Auction Self Tender (a stock buy-back program), interest on an $800 million credit facility and a higher effective tax rate.