Difference between revisions of "Tender offer"
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Revision as of 21:34, March 4, 2008
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.