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.
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 company said this self-tender offer expired at midnight EDT, on 13 May 2015.
Winmark Corporation (Nasdaq:WINA) announced on Wednesday the commencement of a self-tender offer to purchase up to 875,000 shares, or approximately 17.
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.
M2 EQUITYBITES-January 26, 2012-Jarden begins self-tender offer to purchase common stock(C)2012 M2 COMMUNICATIONS http://www.