5/28/2023 0 Comments Serial tendering definition![]() The offer arrives with its conditions – the purchase price, the deadline for accepting the offer and the number of shares being targeted as part of the takeover bid. Selecting a vendor goes through three phases – opening, assessment, selection, and facilitates transparency and fairness.Ĭoncerning dealings in capital markets, whenever businesses look to acquire other companies, which have shares listed on the stock market, they tender offers to shareholders as part of an acquisition strategy. Regarding the procurement of services, whenever the government or a private institution needs to solicit services for a project, it undertakes a ‘tendering’ process to invite bids, for the work, within a fixed timeframe. ![]() One concerns the award of contracts by the government or private institutions, and the other involves the acquisition of shares on the stock market during a takeover bid. What is a tender ? The term ‘ tender ’ has two meaning s today in business and finance.
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