A structured purchase of the target's shares in which the acquirer announces a public offer to buy a minimum number of shares at a specific price is called

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This type of purchase is known as a tender offer. In a tender offer, the acquirer offers to buy a minimum number of shares from the target's shareholders at a predetermined price, usually at a premium to the current market price. Shareholders can choose to accept or reject the offer.

A Structured Purchase of the Target's Shares in Which the Acquirer