A public offer by one firm to directly buy the shares of another firm is called a:

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A tender offer is a direct offer made by one firm to the shareholders of another firm to buy their shares at a premium price, usually higher than the current market price. This is different from a merger, where two firms combine to form a new entity, a consolidation where two firms merge to form a new entity or a divestiture where a firm sells off its assets or subsidiary businesses.

A Public Offer by One Firm to Directly Buy the Shares