Tender offer

Tender offer is a corporate finance term that typically refers to a public, open offer (usually announced in a newspaper advertisement) by an entity to all stockholders of a publicly traded corporation to tender their stock for sale at a specified price for a specified time, subject to the tendering of a minimum and maximum number of shares. In the United States, tender offers are regulated by the Williams Act.
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Noun
1. an offer to buy shares in a corporation (usually above the market price) for cash or securities or both
(hypernym) offer, offering
(hyponym) takeover bid

General offer made publicly and directly to a firm's shareholders to buy their stock at a price well above the current market price.