Shareholders of XYZ Inc. have received a letter advising them of an opportunity to sell their shares back to XYZ at a specified price on a specific date. XYZ Inc. is conducting a

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01-06-2022
Business

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Shareholders of XYZ Inc. have received a letter advising them of an opportunity to sell their shares back to XYZ at a specified price on a specific date. XYZ Inc. is conducting a

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Parrain Parrain · Answer 1 · 2022-06-09T17:45:25+02:00

The fact that XYZ Inc. is alerting its shareholders to an opportunity for them to sell their shares to the company means that this is a Tender Offer.

What is a Tender offer?

This is an instrument by which a company uses to inform its shareholders that it plans on engaging in a share buyback.

The instrument would include the price the company wants to buy the shares, and when they want to. This is what XYZ is doing.

Find out more on share buybacks at https://brainly.com/question/24203011.

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