By offering to purchase the stock of Grassroots Corporation at a price above its current market value, Grow True Corporation made a[n] ________.
A) Cash purchase offer
B) Above market offer
C) Substantial offer
D) Hostile offer
E) Tender offer

Question

Quizplus · Accepted Answer

This is described as a tender offer, where a company makes a public offer to buy shares from the shareholders of another company at a specified price, typically higher than the market price.

By Offering to Purchase the Stock of Grassroots Corporation at a Price