A strategy against a hostile takeover where the target company makes a tender offer for its own shares. The tender offer increases the cost of acquisition, making the company less susceptible to takeovers. Also, the debt incurred to finance the tender offer reduces the firm's attractiveness to any hostile takeovers.
Related information about self tender defense:
- Self-Tender Defense Definition | Investopedia
A self-tender defense can be triggered if management of the target company does not accede to the potential acquisition because it views the hostile bid as ...
- What is self tender defense? definition and meaning
Definition of self tender defense: A strategy against a hostile takeover where the target company makes a tender offer for its own shares. The tender offer ...
- What is self managed REIT? definition and meaning
self managed REIT. self insured retention (SIR) · self tender defense. Definition. A REIT in which the management are employees of the REIT or similar entity.
- Self-Tender Defense
A form of takeover defense against a hostile bid, in which the target company undertakes a tender offer for its own shares, i.e. a self tender. A self tender defense ...
- Two-Tier Tender Offers - Securities and Exchange Commission
Jun 15, 1987 ... (3) Gelco's defense against Coniston Partners; and (4). Goodyear's combination greenmail/self-tender defense against. Sir James Goldsmith.
- US Congress - NELLCO Legal Scholarship Repository
Jun 30, 2004 ... 11 An example here is the SEC's reversal of the discriminatory self-tender defense sanctioned in Unocal. See Dennis J. Block et al., THE ...
- Symbiotic Federalism and the Structure of Corporate Law
Oct 8, 2005 ... An example here is the SEC's reversal of the discriminatory self-tender defense sanctioned generally in Unocal Corp. v. Mesa Petroleum Co.
- IV. Empirical Results
recapitalization defense, repurchase defense, or self-tender defense, the acquirer may spend more resource on completing acquisition. We adopted the ...