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.
References in periodicals archive ?
Announces Final Results of Self Tender Offer for Shares of Common Stock
Truett-Hurst announced the preliminary results of its self tender offer to purchase up to 1M shares of its Class A common stock, including shares issued upon exchange of limited liability company interests of its subsidiary H.D.D., LLC, or such lesser number of shares of its Class A common stock as are properly tendered and not properly withdrawn, at a price of $2.40 per share of Class A common stock, to the seller in cash, less any applicable withholding taxes and without interest, which expired at 12:00 midnight, New York City time, at the end of the day on February 22.
TELECOMWORLDWIRE-August 30, 2016-Metalink to distribute cash to shareholders via self tender offer
M2 EQUITYBITES-August 30, 2016-Metalink to distribute cash to shareholders via self tender offer
Specifically, Mangrove's obligation to acquire shares pursuant to the tender offer was subject to various terms and conditions specified in Mangrove's original offer to purchase, dated as of 22 March 2016, and a supplement to the original offer to purchase and the related amended letter of transmittal, dated as of 15 April 2016, which included a condition that Mangrove can terminate the tender offer if ASTA has not cancelled its "Dutch Auction" Self Tender Offer.
The public contract is financially secured mainly from the loan (to provide credit services will be announced self tender) and partly own resources School Farm abcice.
BANKING AND CREDIT NEWS-August 13, 2015-National Bank Holdings reports self tender offer results
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.
Raymar, "Dutch auction versus fixed-price self tender offers for common stock," Journal of Financial Intermediation, vol.
Grubb & Ellis Company recently announced that its board of directors has approved a self tender offer of up to seven million shares (or approximately 35%) of the company's outstanding common stock at a price of $7 per share.
Announces Preliminary Results of Self Tender Offer for Shares of Common Stock
Truett-Hurst announced that it has extended the expiration of its previously announced self tender offer to purchase up to 1M shares of its Class A common stock, including shares issued upon exchange of limited liability company interests of its subsidiary H.D.D., LLC, or such lesser number of shares of its Class A common stock as are properly tendered and not properly withdrawn, at a price of $2.40 per share of Class A common stock, to the seller in cash, less any applicable withholding taxes and without interest.