WordNet
- an offer to buy shares in a corporation (usually above the market price) for cash or securities or both
- not performing or scheduled for duties; "Hes off every Tuesday"
- at a distance in space or time; "the boat was 5 miles off (or away)"; "the party is still 2 weeks off (or away)"; "away back in the 18th century" (同)away
- (of events) no longer planned or scheduled; "the wedding is definitely off" (同)cancelled
- in an unpalatable state; "sour milk" (同)sour, turned
- below a satisfactory level; "an off year for tennis"; "his performance was off"
- no longer on or in contact or attached; "clean off the dirt"; "he shaved off his mustache"
- not in operation or operational; "the oven is off"; "the lights are off"
- threaten to do something; "I offered to leave the committee if they did not accept my proposal"
- something offered (as a proposal or bid); "noteworthy new offerings for investors included several index funds" (同)offering
- the verbal act of offering; "a generous offer of assistance" (同)offering
- propose a payment; "The Swiss dealer offered $2 million for the painting" (同)bid, tender
- offer verbally; "extend my greetings"; "He offered his sympathy" (同)extend
- present as an act of worship; "offer prayers to the gods" (同)offer up
- present for acceptance or rejection; "She offered us all a cold drink" (同)proffer
- make available for sale; "The stores are offering specials on sweaters this week"
- make available or accessible, provide or furnish; "The conference center offers a health spa"; "The hotel offers private meeting rooms"
- produce or introduce on the stage; "The Shakespeare Company is offering `King Lear this month"
- put forward for consideration; "He offered his opinion"
- young and immature; "at a tender age"
- something that can be used as an official medium of payment (同)legal_tender, stamp
- a boat for communication between ship and shore (同)ship''s boat, pinnace, cutter
- ship that usually provides supplies to other ships (同)supply ship
- car attached to a locomotive to carry fuel and water
- make tender or more tender as by marinating, pounding, or applying a tenderizer; "tenderize meat" (同)tenderize, tenderise
- physically untoughened; "tender feet" (同)untoughened
- (of plants) not hardy; easily killed by adverse growing condition; "tender green shoots"
- easy to cut or chew; "tender beef"
- given to sympathy or gentleness or sentimentality; "a tender heart"; "a tender smile"; "tender loving care"; "tender memories"; "a tender mother"
- make a tender of; in legal settlements
- offer or present for acceptance
- manage or run; "tend a store"
- have a tendency or disposition to do or be something; be inclined; "She tends to be nervous before her lectures"; "These dresses run small"; "He inclined to corpulence" (同)be given, lean, incline, run
- have care of or look after; "She tends to the children"
- money contributed to a religious organization
PrepTutorEJDIC
- 《分離》(接触しているところ)『から』,から離れて,からはずれて / 《位置》…『から離れたところで』(『に』) / (本来の状態など)からはずれて,…が狂って,がなくなって / (本道など)からそれて,から横道にはいったところに / 《eat, dineなどと共に》…からとって[食べる] / 《『from off』の形で》《話》…から / (ある値段)から割り引いて / 《話》…をやめて,慎んで《+『名』(do『ing』)》 / (仕事義務など)から離れて,を休んで / (人)をたよって,にやっかいになって / (1)《運動・移動を表す動詞と共に》『離れて』,向こうへ / 《状態の動詞と共に》『離れて』 / 《瞬間の動作を表す動詞と共に》『離して』 / 『去って』,出かけて / (電気・ガス・水道などが)『切れて』 / (本来の位置・状態などから)『はずれて』 / (仕事・勤務などを)『旧んで』 / (時間的・空間的に)『離れて』 / 《動作の完了》『すっかり』,完全に / 割り引いて / (中心・的などから)『それた』,『離れた』,はずれた / 『時期はずれの』,(時期などが)いつもほどよくない,シーズン外の / (状態が)水準以下の,いつも調子(状態)でない / 《補語にのみ用いて》(予定・用意されたことが)取りやめになって / 《補語にのみ用いて》(電気器具などが)電源が切れて;(ガス・水道が)切れて,止まって / (人が)…の暮らしぶりで / 勤務のない,休みの / 取れて,ぬげて,はずれて / (馬・車の1対のうち)右側の / 《補語にのみ用いて》(走者が)すでに走り出して / 《おもに英》《補語にのみ用いて》(食物などが)いたんで食べられない;飲めない / 《英》《補語にのみ用いて》(食堂などでメニューには載っているが料理が)もう品切れで / 《英》《補語にのみ用いて》(人の態度が)誠意のない,不親切な,ひどい / 《名詞の前にのみ用いて》《the ~》(クリケットで)打者の右前方の
- …‘を'『申し出る』,すすめる,提供する / …‘を'『企てる』 / (品物に)〈値段〉‘を'つける《+『名』〈値段〉+『for』+『名』〈品物〉》 / (ある金額で)…‘を'売りに出す《+『名』+『for』+『名』〈金額〉》 / (神に)…‘を'ささげる《+『up』+『名』+『to』+『名』》 / 〈機会などが〉現れる,起こる(occur) / (神に)ささげ物(祈り)をささげる / (女性に)求婚する / 『申し出』,提案 / 付け値
- (特に病人・子供の)世話をする人,看護人;番人,看守 / (大きな船と陸上との連絡や運搬に当たる)付属船,はしけ / (機関車の石炭・水を運ぶ)炭水車
- (人に)…‘を'『提出する』,提供する,申し出る《+名~to+名〈人〉》 / 〈金銭〉‘を'差し出す,支払う / 入窒,請負見積書 / 弁償金
- (筋肉などが)『柔らかい』 / (体質などが)『きゃしゃな』,ひ弱な,壊れやすい / 《名詞の前にのみ用いて》幼い・虚弱な・(動作などが)『穏やかな』,荒々しくない / 『心の優しい』,思いやりのある / (傷などが)触ると痛い,敏感な / 他人の気持ちに敏感な,同情的な / (問題などが)取り扱いに慎重を要する,微妙な
- 〈人が〉(…の)『傾向がある』,(…)しがちである / 〈物事が〉(ある方向に)向かう,(ある状態に)向かう
- 〈人・動植物など〉‘の'『世話をする』,めんどうをみる / 《米》〈店〉‘の'番をする / 《tend to+名》…に気をつける,心を配る
- 〈U〉(…の)申し出,提供《+『of』+『名』》 / 〈C〉(神への)お供え,ささげ物,(教会への)献金;(一般に)贈り物
Wikipedia preview
出典(authority):フリー百科事典『ウィキペディア(Wikipedia)』「2014/01/05 00:25:47」(JST)
[Wiki en表示]
Tender offer is a corporate finance term denoting a type of takeover bid. The tender offer is a public, open offer or invitation (usually announced in a newspaper advertisement) by a prospective acquirer to all stockholders of a publicly traded corporation (the target corporation) to tender their stock for sale at a specified price during a specified time, subject to the tendering of a minimum and maximum number of shares. In a tender offer, the bidder contacts shareholders directly; the directors of the company may or may not have endorsed the tender offer proposal.
To induce the shareholders of the target company to sell, the acquirer's offer price usually includes a premium over the current market price of the target company's shares. For example, if a target corporation's stock were trading at $10 per share, an acquirer might offer $11.50 per share to shareholders on the condition that 51% of shareholders agree. Cash or securities may be offered to the target company's shareholders, although a tender offer in which securities are offered as consideration is generally referred to as an "exchange offer."
Contents
- 1 Governing law
- 1.1 United States
- 1.1.1 General
- 1.1.2 Required disclosures
- 2 See also
- 3 References
Governing law[edit]
United States[edit]
General[edit]
In the United States, tender offers are regulated by the Williams Act. SEC Regulation 14E also governs tender offers. It covers such matters as:
- the minimum length of time a tender offer must remain open
- procedures for modifying a tender offer after it has been issued
- insider trading in the context of tender offers
- whether one class of shareholders can receive preferential treatment over another
Required disclosures[edit]
In the United States, under the Williams Act, codified in Section 13(d) and Section 14(d)(1) of the Securities Exchange Act of 1934, a bidder must file schedule TO with the SEC upon commencement of the tender offer. Among the matters required to be disclosed in schedule TO are: (i) a term sheet which summarizes the material terms of the tender offer in plain English; (ii) the bidder's identity and background; and (iii) the bidder's history with the target company. In addition, a potential acquirer must file Schedule 13D within 10 days of acquiring more than 5% of the shares of another company.
Tax consequence[edit]
The consummation of a tender offer resulting in payment to the shareholder is a taxable event triggering capital gains or losses, which may be long-term or short-term depending on the shareholder's holding period.
See also[edit]
- Bond Tender Offer
- Bond exchange offer
- Mini-tender offer
- Mergers and acquisitions
- Contract awarding
References[edit]
- SEC FAQ on tender offers
- SEC regulations governing tender offers
- J. Fred Weston, Mark L. Mitchell, J. Harold Mulherin, Takeovers, Restructuring, and Corporate Governance
Corporate finance and investment banking
|
|
Capital structure |
- Senior secured debt
- Senior debt
- Second lien debt
- Subordinated debt
- Mezzanine debt
- Convertible debt
- Exchangeable debt
- Preferred equity
- Warrant
- Shareholder loan
- Common equity
- Pari passu
|
|
|
Transactions
(terms / conditions) |
Equity offerings
|
- Public offering
- Initial public offering
- Seasoned equity offering
- Secondary market offering
- Follow-on offering
- At-the-market offering
- Rights issue
- Private placement
- Spin-off
- Equity carve-out
- Greenshoe
- Book building
- Bookrunner
- Underwriter
|
|
Mergers and
acquisitions
|
- Takeover
- Reverse takeover
- Tender offer
- Proxy fight
- Shareholder rights plan
- Staggered board of directors
- Squeeze out
- Tag-along right
- Drag-along right
- Pre-emption right
- Control premium
- Management due diligence
- Divestment
- Sell side
- Buy side
- Demerger
- Super-majority amendment
- Pitch book
- Special situation
|
|
Leverage
|
- Leveraged buyout
- Leveraged recapitalization
- Financial sponsor
- Private equity
- High-yield debt
- Debtor-in-possession financing
- Project finance
- Debt restructuring
|
|
|
Valuation |
- Financial modeling
- Free cash flow
- Business valuation
- Fairness opinion
- Stock valuation
- Adjusted present value
- Discounted cash flow
- Net present value
- Cost of capital
- Valuation using multiples
- Accretion/dilution analysis
- Enterprise value
- Tax shield
- Minority interest
- Associate company
- Economic Value Added
- Market value added
- Residual income
- Terminal value
- Real options
- Pure play
- Modigliani–Miller theorem
|
|
- List of investment banks
- List of finance topics
|
|
UpToDate Contents
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- Tender Offer A tender offer is a broad solicitation by a company or a third party to purchase a substantial percentage of a company’s Section 12 registered equity shares or units for a limited period of time. The offer is at a fixed price ...
★リンクテーブル★
[★]
- (諾否は相手に任せて)差し出す、提供する、申し出る、持ちかける。(~しようと)申し出る(to do)。結婚を申し込む、求婚する(oneself)。提出する、提議/提案する。(手などを)差し出す/伸べる。
- (商)(ある値で商品を)売り出す。(アルキン額を)払うと申し出る(for)
- (神などに)(祈り・生け贄などを)ささげる、そなえる(up)
- (大学などが科目などを)設ける、開講する。(学生が科目などを)届け出る、申請する
- 提示する、表す(present)。上演する、展示する。(抵抗などの)の気勢を示す
- ~しようとする、企てる(attempt, threaten)(to do)
- 関
- advise、application、donate、donation、offering、provide、provision、recommend
[★]
- 関
- acutely、alive、sensitive
[★]
- 関
- apt、liable、predispose、susceptible
[★]
- 関
- donate、donation、offer、provide、provision
[★]