This is an offer announced publicly that specifies in advance a single purchase price, the number of shares sought, and the duration of the offer.

Question

Quizplus · Accepted Answer

A fixed-price tender offer specifies a single purchase price, which means that the buyer is willing to pay a fixed amount per share. This offer also specifies the number of shares sought and the duration of the offer. This type of tender offer is different from an open-market stock repurchase, which involves buying shares over time in the open market, and from a Dutch auction tender offer, which allows shareholders to submit bids for the price and number of shares they are willing to sell.

This Is an Offer Announced Publicly That Specifies in Advance