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A '''tender offer''' is a form of merger where the bidding [[corporation]] makes a [[cash]] [[offer]] to shareholders of the target corporation, intending to acquire majority control of the target. In 2008, [[Microsoft]] made a tender offer for the stock of [[Yahoo]], but the process has met with resistance.
Fraud in the context of a tender offer is a serious matter independently covered by Rule 14e-3 of the [[Securities and Exchange Commission]], based on [[federal securities law]].
[[category:Mergers]]
[[category:Law]]