In a(n) ________, a firm announces the price it is willing to pay to buy back shares and the quantity of shares it wishes to repurchase.

Question

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A tender offer is a process in which a company makes a public offer to purchase a portion or all of the outstanding shares of its own stock at a specified price and for a specified period. It is a method used by companies to repurchase their own shares from the market, and it often provides shareholders with a premium above the current market price. The company announces the price it is willing to pay and the quantity of shares it wishes to repurchase, giving shareholders the opportunity to tender their shares if they wish to sell.

In A(n) ________, a Firm Announces the Price It Is