Tender offer

Definition:

General offer made publicly and directly to a firm's shareholders to buy their stock at a price well above the current value market price.

Investing Essentials


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

Term of the Day

Nonrecourse

In the case of default, the lender has no ability to claim assets over and above what the limited partners contributed.

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