tender offer

from The American Heritage® Dictionary of the English Language, 5th Edition.

• noun An offer to purchase shares of a company's stock at a price above the current market price in an attempt to take control of the company by accumulating sufficient shares.

from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.

• noun an offer to buy shares in a corporation (usually above the market price) for cash or securities or both