# Self-tender (also sometimes referred to in German)

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- Post ID: 588784
- Modified: 2023-07-25T21:13:44+00:00
- Language: en

## Definition

The repurchase of own shares or, in the case of a group of shares in controlled companies, directly from shareholders, i.e. not via the stock exchange. - Self-tender is usually distinguished from buyback, in which shares are purchased from a major shareholder (principal shareholder); however, the terminology is not uniform in this respect (an offer by a company to repurchase some of its own shares from shareholders. A self-tender may be preferable to purchasing the securities in the open market, because a self-tender is quicker and will not disrupt public trading in the securities. A self-tender is similar to a buyback, except that buybacks often refer to repurchases from a large holder). - See share buyback. - Cf. BaFin Annual Report 2003, p. 208 (regulatory provisions). Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent! University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec. Professor Dr. Eckehard Krah, Dipl.rer.pol. E-mail address: info@ekrah.com https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk https://www.jung-stilling-gesellschaft.de/merk/ https://www.gerhardmerk.de/

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