A(n) __________ is a general invitation to all of the shareholders of a target company to tender their shares for sale at a specified price.

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A tender offer is a public, open offer or invitation (usually announced in a newspaper advertisement) by a prospective acquirer to all stockholders of a publicly traded corporation to tender their stock for sale at a specific price during a certain time frame.

A(n) __________ Is a General Invitation to All of the Shareholders