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Tender Offer

Financial Term

A tender offer is a public offer to all of the stockholders of a company asking those stockholders to sell their stock to the party making the tender offer. Typically, a tender offer is commenced when the offeror places a summary advertisement in a major national newspaper, and the offer to purchase is printed and mailed to the target company's stockholders.

A tender offer must comply with the rules and regulations of the Securities and Exchange Commission (SEC), which are quite technical. Astellas' tender offer is conditioned amongst other matters, on our Board's withdrawal of our "poison pill" defense. As such, the tender offer will not proceed unless our Board withdraws this defense or Astellas determines to waive this condition.

   
     
Related Financial Terms
                     
                     
 Acquired Fund Fees and Expenses   Alt-A Mortgage Loans   Average Annual Total Return  
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 Adjusted Average Cardmember Loans   Asset Allocation   Average Discount Rate  
 ADR American Depositary Receipt   Asset Class   Average Effective Maturity  
 ADS American Depositary Share     Asset Securitizations   Balance Sheet  
 Advised Lines of Credit   Assets Under Management AUM   Basic Cards-In-Force  
 AICPA   Assets Under Supervision   Basic Net EPS  
 Allowance For Credit Losses   Assignment Mortgage   Basis  
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