mini-tender offer

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Mini-Tender Offer

A tender offer for less than 5% of shares outstanding. A tender offer is an offer to buy a significant amount of stock in a publicly-traded company directly from shareholders, an act that bypasses the board of directors. A tender offer may be part of a hostile takeover and therefore any offer exceeding 5% of the company's shares must be registered with the SEC and submitted to oversight. A mini-tender offer avoids this requirement, which can be detrimental to shareholders, as the SEC does not have the ability to protect their rights.

mini-tender offer

An offer to purchase less than 5% of a company's stock. Investors are at greater danger in a mini-tender offer because it is not subject to many of the SEC disclosure and procedural protections that apply to traditional tender offers. For example, tendering shares in a mini-tender offer generally means an investor cannot change his or her mind even though the tender has not closed.
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References in periodicals archive ?
M2 EQUITYBITES-June 20, 2019-Entergy Waves Shareholders Off of TRC Capital Mini Tender Offer
Travel Business Review-March 11, 2019-Boeing urges shareholders to reject Peer & Peri mini tender offer
International Resource News-21 October 2008-Denbury Resources Rejects Mini Tender Offer by TRC(C)2008 ENPublishing - http://www.enpublishing.co.uk
M2 EQUITYBITES-March 11, 2019-Boeing urges shareholders to reject Peer & Peri mini tender offer
M2 EQUITYBITES-December 11, 2018-Caterpillar Recommends Shareholders Reject Below-Market Mini Tender Offer by Baker Mills
Comment: Peer and Peri's "mini tender offer" price of USD 140.00 per share is approximately 21% lower than the USD 178.11 closing price of Simon's shares on May 6, 2019, the date of the commencement of the offer.
advises shareholders to reject TRC Capital's 'mini tender offer'
23 May 2014 - FirstEnergy Corp (NYSE:FE) said it had recommended that its shareholders turn down an unsolicited USD30.15 (EUR22.09) per share mini tender offer from Canadian private equity firm TRC Capital Corp for up to 3m shares, or a 0.71% stake in the US energy group.
Comment: Caterpillar urges shareholders to reject mini tender offer
Comment: Abbott urges shareholders to reject mini tender offer
Comment: Akamai Technologies warns shareholders to reject "mini tender offer"
Comment: Mini tender offer. Thermo Fisher recommends shareholders reject.