Cross-Border Tender Offers (A transnational survey of the rules governing tender offers, and an analysis of the SEC Rule aimed at the increased inclusion of U.S. shareholders in foreign tender offers.)
A tender offer is basically a technique to attain corporate control. It could be characterised as an offer to acquire shares of a company, whose shares are not closely held, addressed to the general body of shareholders, usually at a premium, with a view to obtaining at least sufficient shares to give the offeror voting control of the company. In the United States tender offers are governed by the