Tracking Alpha
What it is
A deal the target's holders approve, at a meeting or by written consent, after which their shares are converted into the cash price, except shares rolled into the buyer and shares whose holders demand appraisal.
On the site asMerger voteMergerCash, merger vote
Merger voteTender offer
How to read it
The Structure column's Merger vote tag; the checklist's Structure line reads Merger, and the deal page's top line Cash, merger vote. The usual order: a proxy statement, the record date, the meeting, then the closing once every other condition is met.
Merger voteTender offer
Related terms
- Tender offerA deal in which the buyer offers to buy the shares directly from holders, who choose whether to tender; a merger usually follows for the shares not tendered.
- Shareholder voteThe target holders' approval of the merger at a meeting.
- Written consentApproval of the merger in writing by holders with enough votes to approve it, with no meeting.
