Self-tender offer

(redirected from Self Tender Offer)

Self-tender offer

A company that tenders for its own shares.

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 ?
Nasdaq: GOSHA) announced today that preliminary accounting by Harris Trust & Savings Bank, the depository for the Company's "Dutch auction" self tender offer which expired on November 2, 1999, indicates that, subject to final verification, 3,499,697 shares of Class A common stock and 6,805 shares of Class B common stock have been accepted for purchase at a price of $21.
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.
975 million shares of QFC common stock and QFC will commence a self tender offer to acquire up to 7 million shares of QFC common stock at $25 per share in cash.
Morgan said he and Ubben agreed that Acxiom's $300 million Dutch auction self tender offer is the right decision for the Company and its shareholders.
As a consequence of the completion of the self tender offer, the company will terminate the registration of its common stock with the SEC and cease to be a reporting company and will delist its stock from NASDAQ.
com (under Investor Relations/News) the Board report to the extraordinary shareholders' meeting convened on 21 June, 2006 to approve the self tender offer.
C Optics Corporation (NASDAQ: DOCO) announced today a plan to commence a self tender offer to purchase its shares of common stock from all public shareholders.
Following the termination of the subsequent offering period, the final results of the Company's self tender offer show that a total of 5,125 shares of voting common stock were validly tendered in the subsequent offering period, representing approximately 16.
Levenson added: "The self tender offer remains a continuing
The self tender offer commenced on December 1, 2005 and was made to any person who was, as of such date, not a director, officer, employee or otherwise employed by, or in a consulting relationship with, the Company or any subsidiary of the Company.
Agilent filed an Issuer Self Tender Offer Statement on Schedule TO with the Securities and Exchange Commission on Nov.
Nasdaq: BLKB), the leading provider of software and related services designed specifically for nonprofit organizations, announced today the final results of its self tender offer to purchase up to 2,620,690 shares of common stock at a price of $14.