Fixed-price tender offer

Definition:

A one-time offer by an acquirer company to purchase a stated number of shares of a target company at a stated fixed price, usually at a premium over the current market price.

Investing Essentials


Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

Term of the Day

Premium raid

An attempt to acquire a large portion of a company's stock to gain control by offering stockholders a premium over the market value for their shares.

Subscribe to the Term of the Day via email Get the Term of the Day in your inbox!


Create your free portfolio