noun
tender offer; takeover bid; TOB
A legal procedure under the Financial Instruments and Exchange Act where a purchaser publicly announces an offer to buy shares from existing shareholders at a specified price and period. Often abbreviated as TOB.
See also: 株式公開買い付け
その会社は株式公開買付制度を利用して子会社化を進めた。
The company used a tender offer to proceed with making it a subsidiary.
TOBとは株式公開買付制度の略称です。
TOB is an abbreviation for tender offer system.
Refers to the act of making a tender offer itself, while 株式公開買付制度 is the institutional system or framework governing such offers.
Compound of 株式 (stock), 公開 (public), 買付 (purchasing), and 制度 (system). A direct translation of the English legal term 'tender offer'.