short tender

Short tender

Practice prohibited by SEC that involves the use of borrowed stock to respond to a tender offer.

Short Tender

The use of borrowed shares to receive proceeds from a tender offer. That is, if one borrows shares during a tender offer, and then sells them to the party making the offer, one has engaged in a short tender. The SEC prohibits short tenders under Rule 10b-4. See also: Short sale.

short tender

A technique for capitalizing on a tender offer by using borrowed shares acquired through a short sale. A short tender is prohibited by SEC Rule 10b-4.
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References in periodicals archive ?
Tenders are invited for Short tender notice for ginning and pressing (only bci) 2019-20
Tender notice number : Short Tender for Nit No E10 EE Elec SLP Z GHMC 2019 20 Item No 02 Dated 27 08 2019 (Tender ID: 141314)
Tender notice number : Short Tender for Nit No E10 EE Elect SLP Z GHMC 2019 20 Item No 05 Dated 27 08 2019 (Tender ID: 141371)
Tender notice number : Short Tender for Nit No E8 EE Elect SLP Z GHMC 2019 20 Item No 01 Dated:23 08 2019 (Tender ID: 140775)
Tender notice number : Short Tender Notice No.30/EE.Div.NO.9/GHMC/2019-20, Dated: 17.08.2019 (Item No.8) (Tender ID: 139994)
Tender notice number : Short Tender Notice No.24/EE.Div.NO.9/GHMC/2019-20, Dated: 31.07.2019 (Tender ID: 137241)
Tender notice number : Short Tender Notice No.23/EE.Div.NO.9/GHMC/2019-20, Dated: 27.07.2019 (Tender ID: 136896)
Tender notice number : Short Tender Notice No.19/EE.Div.NO.9/GHMC/2019-20, Dated: 12.07.2019 (Item No.1) (Tender ID: 135648)

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