back-end value

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Back-End Value

In a two-tier tender offer, the price paid to shareholders after the buyer already has control of the company. A two-tier tender offer is an offer to buy a company in which the buyer offers to buy enough shares to gain control of the company at a certain price, then offers to buy the remaining shares at a lower price. For example, a buyer may purchase 50% + 1 of a company at $20 per share and then offer to buy the rest of the company at $12 per share. In this case, the back-end value is the $12 per share offer. See also: Blended price.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

back-end value

The amount paid to remaining shareholders in the last stage of a two-tier tender offer.
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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