Exclusionary Self-Tender

A self-tender offer in which a company offers to buy its own shares from shareholders while excluding a particular class of shareholders. See also: Go Private.

exclusionary tender offer

An offer to purchase shares of a firm's stock on a pro rata basis while excluding the offer from one or more specific shareholders. The SEC has prohibited exclusionary tender offers.

Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.

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