Assume Uptown Markets just made a tender offer to purchase shares of its own stock.This offer was made to all its shareholders except for the largest outside shareholder.This offer is referred to as a(n):

Question

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The offer made by Uptown Markets is exclusionary in nature since it is excluding the largest outside shareholder. It is also a self-tender offer since Uptown Markets is tendering for its own shares.

Assume Uptown Markets Just Made a Tender Offer to Purchase