Mini Tender Offers - Defined

Описание: Let's make sense of Mini-Tender Offers. " Mini-tender " offers are tender offers that, when consummated, will result in the person who makes the tender offer owning less than five percent of a company's stock. The people behind these offers-also known as " bidders " - frequently use mini-tender offers to catch shareholders off guard. Most bidders won't use the term " mini-tender offer " to describe their offer to buy shares. They count on investors jumping to the conclusion that the price offered includes the premium usually present in larger, traditional tender offers. But with mini-tender offers, the price offered may actually be below the market price. Bidders in mini-tender offers limit the offer to five percent or less so that they do not have to comply with many of the investor protections that are in place for larger tender offers made by bidders whose total ownership after the offer, when added to their holdings before the offer, would exceed five percent. So now you know what Mini-Tender Offers means. Keep learning on our main page or at growlstreet.com. This definition and more can be found at the Security and Exchange Commission (SEC) website https://www.investor.gov