A sale of a company's subsidiary is an example of a tender offer.

Name: A sale of a company's subsidiary is an example of a tender offer.
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A tender offer is an offer to buy a large number of shares from a public company's shareholders. The sale of a subsidiary is a transaction between the parent company and a buyer, and does not necessarily involve the shareholders of the parent company.

A Sale of a Company's Subsidiary Is an Example of a Tender