Self Tender

Self Tender

A company buys back a certain percentage of its own shares through a tender offer.

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.
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M2 EQUITYBITES-July 26, 2012-European Equity Fund Inc and New Germany Fund Inc begins self tender offers(C)2012 M2 COMMUNICATIONS http://www.
European Equity Fund Inc and New Germany Fund Inc begins self tender offers
Other items affecting earnings per share include Acxiom's expected completion of the Dutch Auction Self Tender (a stock buy-back program), interest on an $800 million credit facility and a higher effective tax rate.
Acxiom: ValueAct fight affects 2007 earnings

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