When a firm offers to buy its shares at a prespecified price during a short time period it is also known as a(n):

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A tender offer is when a firm offers to buy its shares at a prespecified price during a short time period. This is different from an open market purchase, which occurs when a firm buys its own shares on the open market over time. A targeted repurchase refers to a specific group of shares being repurchased. Greenmail is a term used to describe a situation where a hostile bidder buys a significant amount of a company's shares in order to pressure the company to repurchase the shares at a premium. A Dutch auction is a type of auction where the price of an item is gradually lowered until a buyer is found.

When a Firm Offers to Buy Its Shares at a Prespecified