Two-tier offer is a tender offer in which the terms offered are more attractive to those who tendershares early.

Question

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In a two-tier offer, the terms offered to those who tender shares early are more favorable compared to those who wait to tender their shares later. This incentivizes shareholders to act quickly and can result in a more efficient and timely acquisition process for the acquirers.

Two-Tier Offer Is a Tender Offer in Which the Terms