Self-tender offer


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Self-tender offer

A company that tenders for its own shares.

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 ?
Upon completion of the share issuance, the self-tender offer and the other transactions contemplated by the stock purchase agreement, CFL beneficially owns 51% of PDN's outstanding shares of common stock, on a fully-diluted basis.
The 4,000,000 shares the Company has accepted for payment in the self-tender offer represent approximately 15.
American Stock Transfer & Trust Company LLC, the depositary for the self-tender offer stated that as per the terms of the self-tender offer and based on the final count, the company has accepted for purchase 5,555,555 shares of its common stock at USD9.
The 4,000,000 shares expected to be purchased in the self-tender offer represent approximately 15.
The company said this self-tender offer expired at midnight EDT, on 13 May 2015.
While the Company's Board of Directors has authorized the self-tender offer, it has not, nor has the Company or the dealer manager, the information agent or the depositary for the self-tender offer, made any recommendation to the Company's shareholders as to whether to tender or refrain from tendering their common stock.
Winmark Corporation (Nasdaq:WINA) announced on Wednesday the commencement of a self-tender offer to purchase up to 875,000 shares, or approximately 17.
Announces $23 Per Share Self-Tender Offer for 22% of Company's Shares
Designer and marketer of toys and consumer products, JAKKS Pacific Inc (NASDAQ:JAKK) revealed on Tuesday the final results of its self-tender offer that expired at 00.
Acxiom(R) Corporation (Nasdaq: ACXM) today provided revised information with respect to its previously announced preliminary results of its modified "Dutch Auction" self-tender offer, which expired at 5:00 p.
M2 EQUITYBITES-January 26, 2012-Jarden begins self-tender offer to purchase common stock(C)2012 M2 COMMUNICATIONS http://www.
Acxiom(R) Corporation (Nasdaq:ACXM) today announced preliminary results of its modified "Dutch Auction" self-tender offer, which expired at 5:00 p.