Tender offer意思

A tender offer is a public bid to purchase a large number of shares of a company's stock from its current shareholders. It is typically made by a company or an individual investor who wishes to acquire a controlling interest in the target company. The bidder makes an offer to buy a certain number of shares at a specific price, and shareholders can choose to sell their shares at that price during a set period of time. Tender offers are often used as a takeover strategy in the corporate world.