The Daily News published an ad today wherein it announced its desire to purchase shares of a competing newspaper,the Oil Town Gossip.Which one of the following terms is best described by this announcement?
A)merger request
B)consolidation
C)tender offer
D)spinoff
E)divestiture

Question

Quizplus · Accepted Answer

The announcement made by Daily News is a tender offer, which is a public offer made by the acquirer to the shareholders of the target company to purchase their shares at a premium price. This allows the acquirer to gain a controlling interest in the target company.

The Daily News Published an Ad Today Wherein It Announced