A firm announces that it is willing to repurchase a number of shares at various prices and shareholders have the option to indicate how many shares they are willing to sell at the various prices.This process is called a:

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A Dutch auction is a method where the price of the offering is determined after taking in all bids and finding the highest price at which the total offering can be sold. In the context of share repurchases, it allows shareholders to indicate how many shares they are willing to sell back to the company at different prices, and then the company decides the price it will pay, buying back shares from the lowest offers up until the price it sets.

A Firm Announces That It Is Willing to Repurchase a Number