When does a tender offer expire?
What it means and how to read it on a deal.
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What it is
The day the tender offer is scheduled to expire, as most recently extended. Holders who want the offer price tender before it.
Also calledTender deadlineTender offer expiresTender expires
How to read it
In Key dates, the Next column and the regulatory card. Offers are often extended; the date shown is the latest one filed.
Tracking AlphaBy Jera Value
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.
- Minimum tender conditionIn a tender offer, the share of the outstanding shares that must be validly tendered before the buyer has to buy any. It often counts shares the buyer already owns.
