Practice analysis: return of value to shareholders: tender offers
Resource type: Practice Note
Law stated as at 26-Nov-2008
This table contains details of tender offers made by companies as a way of buying back their own shares. A tender offer is one method available to companies to return surplus cash to shareholders. It is a relatively rare method but under the Listing Rules, where a company wants to purchase 15% or more of any class of its equity shares, it must use a tender offer. For further details see Practice note: Tender offers to effect share buyback.
The table includes details of tender offers from November 2006 to November 2008. For details of more recent tender offers and for fuller details of the tender offers covered in the table below, see PLC What's Market. The table and the What's Market database include links to the relevant public documents where these were freely available.
The full text of this resource is available by logging in or by requesting a trial. If you have any questions, please contact us or your PLC Account Executive.
A free trial will give you:
Unlimited access to our online legal know-how services during the trial period
Full training and support
Six issues of Practical Law The Journal, the companion to Practical Law online
Weekly update e-mails on current legal developments in your practice area