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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International Resource News-21 October 2008-Denbury Resources Rejects Mini Tender Offer by TRC(C)2008 ENPublishing - http://www.
09) per share mini tender offer from Canadian private equity firm TRC Capital Corp for up to 3m shares, or a 0.
The Company has had no previous or current relationship with Growth Capital Partners and was never formally notified by Growth Capital Partners of the mini tender offer.