Series 24: Tender Offers

Taken from our Series 24 Online Guide

Tender Offers

When a party would like to acquire another company without going through the expense and time that other types of acquisitions require, they may extend a tender offer. A tender offer is an open offer to purchase a large percentage of a company’s outstanding shares from the company’s current shareholders. In a tender offer, the acquiring party offers shareholders a price above the market price of the shares (a premium), and shareholders can choose to tender their shares or not. Tender offers are often contingent on shareholders “tendering” a minimum number of shares, usually a majority or supermajority. The party that is extending the tender offer is usually seeking some kind of control of the company– if they cannot get this control they do not want to go through with

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I passed my Series 24 with two weeks of nearly full-time study, using the textbook, the online class, and the exam simulator. The textbook was very readable and helpful in providing complete explanations, as well as helpful memorization tips. The online class and pre-recorded sessions were crucial to get through all of the material and put it in relative context. It was helpful to be able to have questions answered instantly and via email afterward. The online simulator questions were just like the exam questions, and the immediate feedback function was essential for learning from the practice quizzes and exam. I needed every minute of my study and practice time to count, and Solomon Exam Prep made it possible. Thank you!

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I wanted to let you know I passed the exam [Series 24] this morning! The practice exams were invaluable. Thank you for your extra help and suggestions. I have recommended this to two of my co-workers who will be taking the Series 7 this year. I will say, the 24 was worded so tricky. And so much irrelevant info put into the questions. I had to write down pieces of the question to get the gist of what it was asking. Very purposfully confusing. But it's over and I'm thankful for your product. Thx again

Karmen Richards, Multi Financial Securities, Greensboro, NC

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