JTL has 148,000 shares of stock outstanding.The firm has extra cash so it announced this morning that it is willing to repurchase 18,000 of its shares.What type of offer is the firm making?
A)Rights offer
B)Secondary issue
C)Targeted repurchase
D)Tender offer
E)Private issue

Question

Quizplus · Accepted Answer

A tender offer is when a company offers to buy back its own shares from shareholders at a specified price, which is what JTL is doing by announcing its willingness to repurchase 18,000 shares.

JTL Has 148,000 Shares of Stock Outstanding