In a tender offer,the tendering corporation and the target corporation retain their separate legal status.

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In a tender offer, both the tendering corporation and the target corporation retain their separate legal status. The tender offer is a transaction between two separate entities and does not result in a merger or acquisition of one company by the other. However, if the tender offer is successful, the acquiring company may gain significant control over the target company's operations and decision-making processes.

In a Tender Offer,the Tendering Corporation and the Target Corporation