mini-tender offer


Also found in: Wikipedia.

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.
Mentioned in ?
References in periodicals archive ?
M2 EQUITYBITES-March 12, 2018-Cardinal Health Recommends Shareholders Reject TRC Mini-Tender Offer
Comment: TRC Capital's mini-tender offer seeks less than 5% of Cardinal Health's outstanding common shares, thereby avoiding many disclosure requirements and procedural protections of US securities laws
Cardinal Health does not endorse TRC Capital's unsolicited mini-tender offer and is not associated in any way with TRC Capital, its mini-tender offer or its mini-tender offer documents.
Des Moines, Iowa: Principal Financial Group(r) received notice of an unsolicited mini-tender offer by Baker Mills LLC to purchase up to 50,000 shares of Principal Financial Group, Inc.
announced that it has received notice of an unsolicited mini-tender offer by TRC Capital Corporation of Ontario, Canada to purchase up to 2.
NYSE: LUV) has received notice of an unsolicited mini-tender offer by TRC Capital Corporation (TRC Capital) to purchase up to 2,500,000 shares, or approximately 0.
TELECOMWORLDWIRE-September 27, 2010-HP recommends shareholders reject below-market price mini-tender offer from TRC Capital Corp(C)1994-2010 M2 COMMUNICATIONS http://www.
Denbury Resources, Inc (NYSE: DNR), a US-based company that explores for oil and gas, has announced receiving an unsolicited mini-tender offer by TRC Capital Corporatio (TRC) to acquire a part of company common stock.
Gannett does not endorse this offer and recommends that stockholders not tender their shares in response to the mini-tender offer," the company said in a statement.
Nokia and its board of directors do not in any way recommend or endorse TRC Capital's mini-tender offer and express no opinion as to whether Nokia ADS holders should tender their ADSs in the offer, according to the company.
On March 6, Colgate-Palmolive received notification of an unsolicited mini-tender offer by Baker Mills to purchase up to 45,000 shares, or approximately 0.