Definition of tender offer (n)
Bing Dictionary
ten·der of·fer
offer for stock to gain control: an offer to buy many shares in a company from any seller, usually at a considerable premium, in an effort to obtain a controlling interest
I would like to see the ability to to do tender offer of a certain % of the targeted company stock, and any buyers who's willing to sell for that price would agree and the cash be transferred to them. The buying 5% seems inefficient and is hinder economic growth.
Ideas for implementation
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- If the targeted % of stock is not obtained, the shares that was tender the player would have the option to accept or declined
- If the targeted % of stock is obtained the sale is executed immediately.
- The tender offer stands until either the targeted % is obtained or one month (whichever occurs first)
- Only one tender offer can be in progress per company.