Legal Dictionary of Pakistan
Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.
cash tender offer
A tender offer in which the bidder offers to pay cash for the target's shares, as opposed to offering other corporate shares in exchange. ( Most tender offers involve cash.
creeping tender offer
The gradual purchase of a corporation's stock at varying prices in the open market. ( This takeover method does not involve a formal tender offer, although the SEC may classify it as such for regulatory purposes.
tender offer
A public offer to buy a minimum number of shares directly from a corporation's shareholders at a fixed price, usu. at a substantial premium over the market price, in an effort to take control of the corporation. - Also termed takeover offer; takeover bid. Cf. publicexchange offer under OFFER.