Corporate Properties,Inc.,attempts to acquire a substantial number of the shares of Downtown Realty Corporation through a public offer to Downtown's shareholders.This is

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A tender offer is a public offer to buy a substantial number of shares of a company directly from its shareholders. This is different from a consolidation, which involves a merging of two companies into one entity, a short-form merger which is a statutory merger that can occur without the approval of all shareholders, and a termination, which is the ending of a business or contract.